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.

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United States NY Empire State Manufacturing Index


Calendar GMT Actual Previous Consensus TEForecast
2021-11-15 01:30 PM Nov 30.9 19.8 21.2 20
2021-12-15 01:30 PM Dec 31.9 30.9 25 29.5
2022-01-18 01:30 PM Jan 31.9 25.7 28


Related Last Previous Unit Reference
NY Empire State Manufacturing Index 31.90 30.90 points Dec/21
NY Empire State Shipments Index 27.10 28.20 points Dec/21
NY Empire State Prices Paid Index 80.20 83.00 points Dec/21
NY Empire State New Orders Index 27.10 28.80 points Dec/21
NY Empire State Employment Index 21.40 26.00 points Dec/21

News Stream
NY Business Activity Growth Accelerates Further in December
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.
2021-12-15
NY Business Activity Growth Accelerates in November
The New York Empire State Manufacturing Index jumped to 30.9 in November of 2021 from 19.8 in October, beating forecasts of 21.2, pointing to a strong growth in business activity in the New York State. New orders (28.8 vs 24.3 in October) and shipments (28.2 vs 8.9) posted substantial increases, and unfilled orders rose (12.7 vs 18.5). Delivery times were significantly longer (32.2 vs 38). Employment grew at its fastest pace on record (26 vs 17.1) and the average workweek increased (23.1 vs 15.3). The prices paid index held near its record high (83 vs 78.7) and the prices received index reached a new peak (50.8 vs 43.5). Firms planned significant increases in capital and technology spending. Looking ahead, firms remained optimistic that conditions would improve over the next six months, though optimism dipped (36.9 vs 52).
2021-11-15
NY Factory Growth Slows More than Expected
The New York Empire State Manufacturing Index fell fifteen points to 19.8 in October of 2021 from 34.3 in September and well below market forecasts of 27, pointing to a slower factory growth in the NY state but solid overall. New orders and shipments increased, though by less than they did last month. At the same time, labor market indicators pointed to ongoing growth in employment and the average workweek. Meanwhile, the delivery times index inched up to a record high and both the prices paid and prices received indexes held near record highs. Looking ahead, firms were still very optimistic that conditions would improve over the next six months.
2021-10-15

United States NY Empire State Manufacturing Index
New York Empire State Manufacturing Index is based on data compiled from the survey of 200 executives from the companies in the manufacturing sector in the New York State. Participants report the change in 11 indicators including level of general business activity, new orders, shipments, inventories, number of employees, delivery time, capital expenditure from the previous month and the likely direction of these indicators in six months. A reading above 0 indicates manufacturing activity is expanding, below 0 is contracting.