The New York Empire State Manufacturing Index fell for the second month to 6.3 in November of 2020 from 10.5 in October and well below market forecasts of 12.75. It is the lowest reading in 3 months, pointing to a below-average growth in business activity in the NY state. There was a small increase in new orders (3.7 vs 12.3), and shipments were modestly higher (6.3 vs 17.8). Inventories moved lower (-8.6 vs -14.6), and delivery times were steady (0.7 vs 2). Employment levels (9.4 vs 7.2) and hours worked both rose (4.8 vs 16.1). Input prices increased at about the same pace as last month (29.1 vs 27.8), while selling price increases picked up (11.3 vs 5.3). Looking ahead, firms remained optimistic that conditions would improve over the next six months (33.9 vs 32.8). source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States averaged 7.88 points from 2001 until 2020, reaching an all time high of 39 points in April of 2004 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 November of 2020.

NY Empire State Manufacturing Index in the United States is expected to be 10.00 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 12.00 in 12 months time. In the long-term, the United States NY Empire State Manufacturing Index is projected to trend around 4.00 points in 2021, according to our econometric models.

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United States NY Empire State Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
6.30 10.50 39.00 -78.20 2001 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-17 12:30 PM Aug 3.7 17.2 15 16
2020-09-15 12:30 PM Sep 17 3.7 6 5
2020-10-15 12:30 PM Oct 10.50 17 15 12
2020-11-16 01:30 PM Nov 6.30 10.50 12.75 15
2020-12-15 01:30 PM Dec 6.3 10
2021-01-15 01:30 PM Jan
2021-02-16 01:30 PM Feb
2021-03-15 12:30 PM Mar


News Stream
Business Activity Growth in NY Lowest in 3 Months
The New York Empire State Manufacturing Index fell for the second month to 6.3 in November of 2020 from 10.5 in October and well below market forecasts of 12.75. It is the lowest reading in 3 months, pointing to a below-average growth in business activity in the NY state. There was a small increase in new orders (3.7 vs 12.3), and shipments were modestly higher (6.3 vs 17.8). Inventories moved lower (-8.6 vs -14.6), and delivery times were steady (0.7 vs 2). Employment levels (9.4 vs 7.2) and hours worked both rose (4.8 vs 16.1). Input prices increased at about the same pace as last month (29.1 vs 27.8), while selling price increases picked up (11.3 vs 5.3). Looking ahead, firms remained optimistic that conditions would improve over the next six months (33.9 vs 32.8).
2020-11-16
Business Activity in NY Slows More than Anticipated
The New York Empire State Manufacturing Index fell to 10.5 in October of 2020 from 17 in September and well below market forecasts of 15. The reading still pointed to a solid expansion in business activity in the NY state although slower than in September. New orders (12.3 vs 7.1) and shipments (17.8 vs 14.1) continued to increase, while unfilled orders continued to decline (-6.6 vs -9.4). Inventories moved lower (-14.6 vs -3.6), and delivery times were little changed (2 vs 5). Manufacturers reported a small increase in employment (7.2 vs 2.6), and a significantly longer average workweek (16.1 vs6.7). Input prices increased at about the same pace as last month (27.8 vs 25.2), and selling prices continued to increase slightly (5.3 vs 6.5). Looking ahead, firms remained optimistic that conditions would improve over the next six months, though optimism was somewhat lower than last month (32.8 vs 40.3).
2020-10-15
Business Activity in NY Tops Estimates
The New York Empire State Manufacturing Index jumped to 17 in September of 2020 from 3.7 in August, well above market forecasts of 6 and pointing to a solid expansion in business activity in the NY state. New orders increased modestly (7.1 vs -1.7), and shipments (14.1 vs 6.7) grew significantly. Unfilled orders continued to decline (-9.4 vs -14). Inventories edged slightly lower (-3.6 vs -10.7), and delivery times were somewhat longer (5 vs 1.3). Employment was again little changed this month (2.6 vs 2.4), though the average workweek picked up (6.7 vs -6.8). Input prices increased at a faster pace than in August (25.2 vs 16), and selling prices continued to increase modestly (6.5 vs 4.7). Looking ahead, firms remained optimistic that conditions would improve over the next six months (40.3 vs 34.3).
2020-09-15
NY Business Activity Well Below Forecasts
The New York Empire State Manufacturing Index fell to 3.7 in August of 2020 from 17.2 in July, well below market forecasts of 15 and signaling a slowdown in the pace of growth compared to July. New orders were little changed (-1.7 vs 13.9), and shipments increased modestly (6.7 vs 18.5). Unfilled orders were down (-14 vs -0.6), and inventories declined (-10.7 vs -9.7). Employment inched higher (2.4 vs 0.4), while the average workweek declined (-6.8 vs -2.6). Input prices increased at about the same pace as last month (16 vs 14.9), while selling prices increased for the first time in several months (4.7 vs -4.5). Firms remained optimistic that conditions would improve over the next six months, though optimism fell for a second consecutive month (34.3 vs 38.4).
2020-08-17

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. .