The New York Empire State Manufacturing Index improved to -0.2 in June of 2020 from -48.5 in the previous month and beating market forecasts of -29.8. Still, the reading pointed to a fourth decline in business activity in the New York State, but the weakest since the coronavirus crisis started in mid-March. New orders were unchanged from last month (-0.6 vs -42.4), and shipments inched higher (3.3 vs -39). Delivery times (1.3 vs -4.1) and inventories were little changed (-0.6 vs -3.4). Employment levels edged slightly lower (-3.5 vs -6.1) and the average workweek continued to decline (-12 vs -21.6). Input price increases picked up (16.9 vs 4.1), and selling prices stabilized (-0.6 vs -7.4). Firms were notably more optimistic that conditions would be better in six months, with the index for future business conditions rising to its highest level in more than a decade (56.5 from 29.1).

NY Empire State Manufacturing Index in the United States averaged 7.81 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 July of 2020. source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States is expected to be -30.00 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 8.00 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
-0.20 -48.50 39.00 -78.20 2001 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-16 12:30 PM Mar -21.50 12.90 4.4 5
2020-04-15 12:30 PM Apr -78.2 -21.5 -35 -40
2020-05-15 12:30 PM May -48.5 -78.2 -63.5 -65
2020-06-15 12:30 PM Jun -0.20 -48.5 -29.8 -30
2020-07-15 12:30 PM Jul -0.2 7.85 6.5
2020-08-17 12:30 PM Aug
2020-09-15 12:30 PM Sep 5
2020-10-15 12:30 PM Oct


News Stream
NY Business Activity Falls only Slightly in June
The New York Empire State Manufacturing Index improved to -0.2 in June of 2020 from -48.5 in the previous month and beating market forecasts of -29.8. Still, the reading pointed to a fourth decline in business activity in the New York State, but the weakest since the coronavirus crisis started in mid-March. New orders were unchanged from last month (-0.6 vs -42.4), and shipments inched higher (3.3 vs -39). Delivery times (1.3 vs -4.1) and inventories were little changed (-0.6 vs -3.4). Employment levels edged slightly lower (-3.5 vs -6.1) and the average workweek continued to decline (-12 vs -21.6). Input price increases picked up (16.9 vs 4.1), and selling prices stabilized (-0.6 vs -7.4). Firms were notably more optimistic that conditions would be better in six months, with the index for future business conditions rising to its highest level in more than a decade (56.5 from 29.1).
2020-06-15
NY Manufacturing Sector Contracts at Softer Pace
The New York Empire State Manufacturing Index rose to -48.5 in May 2020 from a record low of -78.2 hit last month and above market expectations of -63.5. New orders and shipments continued to decline sharply, though not as steeply as in April. Delivery times were slightly shorter, and inventories were slightly lower. After plunging last month, employment levels and the average workweek fell further in May. On the price front, input costs were slightly higher, while selling prices continued to decline modestly. While current conditions remained extremely weak, firms grew more optimistic that conditions would be better six months from now.
2020-05-15
New York State Manufacturing Activity Falls at Record Pace
The New York Empire State Manufacturing Index tumbled 56.7 points from the previous month to -78.2 in April 2020, the lowest level on record and well below market expectations of -35.0. New York, which has been the epicenter of cases in the US, saw businesses shut down due to coronavirus restrictions. New orders and shipments declined at a record pace, as well as employment levels and the average workweek. Delivery times lengthened, and inventories fell. Input price inflation slowed considerably, while selling prices declined modestly. Though current conditions were extremely weak, firms expected conditions to be slightly better six months from now.
2020-04-15
NY Manufacturing Activity Shrinks the Most in 11 Years
The New York Empire State Manufacturing Index in the United States slumped to -21.5 in March of 2020 from 12.9 in February, hitting the lowest level since March of 2009. It compares with market expectations of 4.4. The new orders index dropped to -9.3 from 22.1 in February; the shipments index fell to -1.7 from 18.9; delivery times lengthened slightly (2.2 from 8.3), and inventories increased (5.8 from 12.9). Employment levelled off (-1.5 from 6.6), and the average workweek declined (-10.6 from -1.6). Input price increases were little changed (24.5 from 25), while selling prices increased at a slower pace than last month (10.1 from 16.7). Optimism about the six-month outlook fell sharply to 1.2 from 22.9, with firms less optimistic than they have been since 2009.
2020-03-16

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. .