The New York Empire State Manufacturing Index in the United States fell 2.8 points from the previous month to +2.0 in September 2019, missing market expectations of +4.0. New orders were marginally higher than last month, and shipments grew modestly. Delivery times were steady, and inventories increased. Employment levels expanded, while the average workweek held steady. Both input prices and selling prices increased at a faster pace than last month. Indexes assessing the six-month outlook indicated that optimism about future conditions deteriorated noticeably, and capital spending plans weakened markedly. NY Empire State Manufacturing Index in the United States averaged 8.69 Index Points from 2001 until 2019, reaching an all time high of 39 Index Points in April of 2004 and a record low of -34.40 Index Points in February of 2009.
NY Empire State Manufacturing Index in the United States is expected to be 4.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate NY Empire State Manufacturing Index in the United States to stand at 5.00 in 12 months time. In the long-term, the United States NY Empire State Manufacturing Index is projected to trend around 4.00 Index Points in 2020, according to our econometric models.