The New York Empire State Manufacturing Index in the United States climbed to 12.9 in February 2020 from 4.8 in January, beating market expectations of 5. It is the highest reading since May 2019 as new orders index shot up 16 points to 22.1, and the shipments index climbed to 18.9 from 8.6. Still, delivery times lengthened (8.3 vs -2.7), and inventories increased significantly (12.9 vs -0.7). Employment expanded only modestly (6.6 vs 9.0), and the average workweek was little changed (-1.0 vs 1.3). Input price increases slowed somewhat (25.0 vs 31.5), and selling price increases picked up a touch (16.7 vs 14.4). Optimism about the six-month outlook continued to be somewhat subdued, and capital spending plans remained firm.

NY Empire State Manufacturing Index in the United States averaged 8.62 points from 2001 until 2020, reaching an all time high of 39 points in April of 2004 and a record low of -34.30 points in February of 2009. 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. source: Federal Reserve Bank of New York

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 10.00 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
12.90 4.80 39.00 -34.30 2001 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-15 01:30 PM Nov 2.90 4 5 2
2019-12-16 01:30 PM Dec 3.50 2.9 4 5
2020-01-15 01:30 PM Jan 4.8 3.3 3.55 2.8
2020-02-18 01:30 PM Feb 12.90 4.8 5 5.1
2020-03-16 12:30 PM Mar 12.90 8
2020-04-15 12:30 PM Apr
2020-05-15 12:30 PM May
2020-06-15 12:30 PM Jun 5


News Stream
NY Manufacturing Growth Beats Expectations
The New York Empire State Manufacturing Index in the United States climbed to 12.9 in February 2020 from 4.8 in January, beating market expectations of 5. It is the highest reading since May 2019 as new orders index shot up 16 points to 22.1, and the shipments index climbed to 18.9 from 8.6. Still, delivery times lengthened (8.3 vs -2.7), and inventories increased significantly (12.9 vs -0.7). Employment expanded only modestly (6.6 vs 9.0), and the average workweek was little changed (-1.0 vs 1.3). Input price increases slowed somewhat (25.0 vs 31.5), and selling price increases picked up a touch (16.7 vs 14.4). Optimism about the six-month outlook continued to be somewhat subdued, and capital spending plans remained firm.
2020-02-18
NY Manufacturing Activity Rises the Most in 8 Months
The New York Empire State Manufacturing Index in the United States increased to 4.5 in January of 2020 from a downwardly revised 3.3 in December and beating market expectations of 3.55. It is the highest reading in eight months. New orders (6.9 from 1.7) and shipments (8.6 from 9.5) edged higher; delivery times were somewhat shorter (-2.7 from -5.8) and inventories held steady (-0.7 from 2.2). Employment continued to expand (9 from 10.4), though the average workweek was unchanged (1.3 from 0.7). Both input prices (31.5 from 15.2) and selling prices (14.4 from 4.3) increased at a significantly faster pace than in December. Optimism about the six-month outlook remained subdued, and capital spending plans remained firm.
2020-01-15
NY State Manufacturing Activity Rises Faster
The New York Empire State Manufacturing Index in the United States increased to 3.5 in December of 2019 from 2.9 in November, compared to market expectations of 4. New orders were little changed (2.6 from 5.5), while shipments grew modestly (11.9 from 8.8). Delivery times were somewhat shorter (-5.8 from -5.5), and inventories held steady (2.2 from -6.2). Employment continued to expand (10.4, the same as in November), though the average workweek was unchanged (0.8 from 2.3). Input price increases continued to slow (15.2 from 20.5), and selling prices increased slightly (4.3 from 6.2). Optimism about the six-month outlook picked up (29.8 from 19.4), and capital spending plans were notably stronger.
2019-12-16
US NY State Manufacturing Growth Below Forecasts
The New York Empire State Manufacturing Index in the United States fell 1.1 points from the previous month to +2.9 in November 2019, missing market expectations of 5. Inventories continued to move lower (-6.2 vs -0.6 in October); while shipments grew modestly than last month (8.8 vs 13) and delivery times were somewhat shorter (-5.5 vs -2.5). Meantime, new orders rose slightly (5.5 vs 3.5); employment increased for the third consecutive month (10.4 vs 7.6) and the average workweek was slightly longer (2.3 vs 8.3). On the price front, input cost continued to ease, while output prices advanced modestly. Finally, indexes assessing the six-month outlook indicated that optimism remained subdued, while capital spending plans went up markedly.
2019-11-15

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. .