The New York Empire State Manufacturing Index rose to -1.2 in June of 2022 from -11.6 in May, missing market forecasts of 3. New orders and shipments edged slightly higher, and unfilled orders declined for the first time in over a year. Delivery times lengthened at a slower pace than in recent months, and inventories grew significantly. Labor market indicators pointed to a solid increase in employment and a longer average workweek. The prices paid index moved higher, and the prices received index edged lower, but both remained elevated. Looking ahead, optimism about the six-month outlook remained muted. source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States averaged 8.42 points from 2001 until 2022, 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 June of 2022.

NY Empire State Manufacturing Index in the United States is expected to be 5.00 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 2023 and 4.00 points in 2024, according to our econometric models.

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United States NY Empire State Manufacturing Index



Calendar GMT Actual Previous Consensus TEForecast
2022-05-16 12:30 PM May -11.6 24.6 17 15
2022-06-15 12:30 PM Jun -1.2 -11.6 3 3.1
2022-07-15 12:30 PM Jul -1.2


Related Last Previous Unit Reference
NY Empire State Manufacturing Index -1.20 -11.60 points Jun 2022
NY Empire State Shipments Index 4.00 -15.40 points Jun 2022
NY Empire State Prices Paid Index 78.60 73.70 points Jun 2022
NY Empire State New Orders Index 5.30 -8.80 points Jun 2022
NY Empire State Employment Index 19.00 14.00 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.20 -11.60 43.00 -78.20 2001 - 2022 points Monthly
SA

News Stream
NY Business Activity Below Forecasts
The New York Empire State Manufacturing Index rose to -1.2 in June of 2022 from -11.6 in May, missing market forecasts of 3. New orders and shipments edged slightly higher, and unfilled orders declined for the first time in over a year. Delivery times lengthened at a slower pace than in recent months, and inventories grew significantly. Labor market indicators pointed to a solid increase in employment and a longer average workweek. The prices paid index moved higher, and the prices received index edged lower, but both remained elevated. Looking ahead, optimism about the six-month outlook remained muted.
2022-06-15
NY Business Activity Shrinks in May
The New York Empire State Manufacturing Index surprisingly fell to -11.6 in May of 2022 from 24.6 in April, missing market forecasts of 17. Business activity in the New York State declined after a strong growth last month, as new orders decreased (-8.8 vs 25.1), and shipments fell at the fastest pace since early in the pandemic (-15.4 vs 34.5). Also, delivery times continued to lengthen (20.2 vs 21.8), and inventories expanded (7.9 vs 13.6). Labor market indicators pointed to a modest increase in employment (14 vs 7.3) and the average workweek (11.9 vs 10). Both the indexes for prices paid (73.7 vs 86.4) and prices received (45.6 vs 49.1) moved lower, but were still elevated. Looking ahead, optimism about the six-month outlook remained subdued (18 vs 15.2).
2022-05-16
Business Activity in NY Rebounds in April
The New York Empire State Manufacturing Index jumped to 24.6 in April of 2022, rebounding from a 22-month low of -11.8 in March, and easily beating market forecasts of 0.5. Business activity picked up as new orders (25.1 vs -11.2) and shipments (35.4 vs -7.4) grew strongly, and unfilled orders increased (17.3 vs 13.1). Delivery times lengthened (21.8 vs 32.7), though at a slower pace than in recent months, and inventories rose (13.6 vs 21.5). Labor market indicators pointed to a small increase in employment (7.3 vs 14.5) and the average workweek (10 vs 3.5). The prices paid index hit a record high of 86.4 (vs 73.8), and the prices received index remained elevated (49.1 vs 56.1). Plans for capital and technology spending were solid. Looking ahead, firms were significantly less optimistic about the six-month outlook than in recent months (15.2 vs 36.6).
2022-04-15