The New York Empire State Manufacturing Index jumped to 12.1 in February of 2021 from 3.5 in January, beating market forecasts of 6. It is the highest reading in 5 months, as new orders increased (10.8 vs 6.6), and shipments edged higher (4 vs 7.3). Also, delivery times lengthened (9.1 vs 5.5) and inventories grew (6.5 vs -0.7). Employment levels (12.1 vs 11.2) and the average workweek (9 vs 6.3) both increased. Input prices rose at the fastest clip in nearly a decade (57.8 vs 45.5), and selling prices increased significantly (23.4 vs 15.2). Looking ahead, firms remained optimistic that conditions would improve over the next six months (34.9 vs 31.9) and capital spending plans expanded noticeably. source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States averaged 7.87 points from 2001 until 2021, 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 February of 2021.

NY Empire State Manufacturing Index in the United States is expected to be 8.00 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 4.00 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 2022, according to our econometric models.

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United States NY Empire State Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
12.10 3.50 39.00 -78.20 2001 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-16 01:30 PM Nov 6.30 10.50 12.75 15
2020-12-15 01:30 PM Dec 4.90 6.3 6.9 5
2021-01-15 01:30 PM Jan 3.5 4.9 6 5.9
2021-02-16 01:30 PM Feb 12.1 3.5 6 5.3
2021-03-15 12:30 PM Mar
2021-04-15 12:30 PM Apr
2021-05-17 12:30 PM May
2021-06-15 12:30 PM Jun
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
NY Business Growth at 5-Month High
The New York Empire State Manufacturing Index jumped to 12.1 in February of 2021 from 3.5 in January, beating market forecasts of 6. It is the highest reading in 5 months, as new orders increased (10.8 vs 6.6), and shipments edged higher (4 vs 7.3). Also, delivery times lengthened (9.1 vs 5.5) and inventories grew (6.5 vs -0.7). Employment levels (12.1 vs 11.2) and the average workweek (9 vs 6.3) both increased. Input prices rose at the fastest clip in nearly a decade (57.8 vs 45.5), and selling prices increased significantly (23.4 vs 15.2). Looking ahead, firms remained optimistic that conditions would improve over the next six months (34.9 vs 31.9) and capital spending plans expanded noticeably.
2021-02-16
Business Activity Growth in NY Lowest in 7 Months
The New York Empire State Manufacturing Index fell to 3.5 in January of 2021, the lowest since June, from 4.9 in December and below market forecasts of 6. Unfilled orders continued to move lower (-5.5 vs -3.6 in December) and delivery times continued to lengthen somewhat (5.5 vs 4.3). Meanwhile, new orders (6.6 vs 3.4) and shipments edged higher (7.3 vs 12.1). Employment levels increased modestly (11.2 vs 14.2) and the average workweek lengthened (6.3 vs 4.8). Input price increases and selling price increases both picked up noticeably. Looking ahead, firms remained optimistic that conditions would improve over the next six months (31.9 vs 36.3).
2021-01-15
Business Activity Growth in NY Continues to Slow Down
The New York Empire State Manufacturing Index fell to 4.9 in December of 2020, the lowest since August, from 6.3 in November and below forecasts of 6.9. New orders increased marginally (3.4), and shipments were modestly higher (12.1). Inventories continued to move lower (-4.3), and delivery times edged up (4.3). Employment posted its strongest gain in months (14.2), and the average workweek lengthened somewhat (4.8). Input prices increased at the fastest pace in two years (37.1), while selling prices increased at about the same pace as last month (10). Looking ahead, firms remained optimistic that conditions would improve over the next six months (36.3).
2020-12-15
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

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. .