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.