The New York Empire State Manufacturing Index rose to 31.9 in December of 2021 from 30.9 in November, beating forecasts of 25, pointing to strong growth in business activity in the New York State. New orders (27.1 vs 28.8 in November) and shipments (27.1 vs 28.8) posted substantial increases, and firms had more unfilled orders (19 vs 12.7). Delivery times lengthened significantly (23.1 vs 32.2), though less so than last month. Labor market indicators pointed to a solid increase in employment (21.4 vs 26) and a longer average workweek (12.1 vs 23.1). Both price indexes moved somewhat lower but remained near recent record highs. Plans for capital and technology spending were strong. Looking ahead, firms remained optimistic that conditions would improve over the next six months (34.6, the same as in November), though optimism is still lower than it was in the fall. source: Federal Reserve Bank of New York
NY Empire State Manufacturing Index in the United States averaged 8.62 points from 2001 until 2021, reaching an all time high of 43 points in July of 2021 and a record low of -78.20 points in April of 2020. This page provides the latest reported value for - United States NY Empire State Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States NY Empire State Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
NY Empire State Manufacturing Index in the United States is expected to be 29.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States NY Empire State Manufacturing Index is projected to trend around 6.00 points in 2022 and 4.00 points in 2023, according to our econometric models.