The New York Empire State Manufacturing Index rose to 26.3 in April of 2021 from 17.4 in March, beating market forecasts of 19.5. The reading pointed to the strongest growth in business activity in New York since October 2017, signalling the manufacturing sector likely continued to be a source of growth in Q2. New orders (26.9 vs 9.1) and shipments (25 vs 21.1) grew at a solid clip, and unfilled orders increased (21.2 vs 4). Delivery times were the longest on record (28.1 vs 11.4), and inventories were notably higher (11.6 vs 8.1). Employment levels (13.9 vs 9.4) and the average workweek (12.7 vs 10.9) both expanded modestly. Input prices rose at the fastest pace since 2008 (74.7 vs 64.4), and selling prices climbed at a record-setting pace (34.9 vs 24.2). Looking ahead, firms remained optimistic that conditions would improve over the next six months (39.8 vs 36.4), expecting significant increases in employment and prices. source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States averaged 7.99 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 May of 2021.

NY Empire State Manufacturing Index in the United States is expected to be 7.00 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
26.30 17.40 39.00 -78.20 2001 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
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 17.4 12.1 14.5 13
2021-04-15 12:30 PM Apr 26.3 17.4 19.5 17
2021-05-17 12:30 PM May 26.3 28
2021-06-15 12:30 PM Jun
2021-07-15 12:30 PM Jul
2021-08-16 12:30 PM Aug


News Stream
NY Business Growth at Over 3-Year High
The New York Empire State Manufacturing Index rose to 26.3 in April of 2021 from 17.4 in March, beating market forecasts of 19.5. The reading pointed to the strongest growth in business activity in New York since October 2017, signalling the manufacturing sector likely continued to be a source of growth in Q2. New orders (26.9 vs 9.1) and shipments (25 vs 21.1) grew at a solid clip, and unfilled orders increased (21.2 vs 4). Delivery times were the longest on record (28.1 vs 11.4), and inventories were notably higher (11.6 vs 8.1). Employment levels (13.9 vs 9.4) and the average workweek (12.7 vs 10.9) both expanded modestly. Input prices rose at the fastest pace since 2008 (74.7 vs 64.4), and selling prices climbed at a record-setting pace (34.9 vs 24.2). Looking ahead, firms remained optimistic that conditions would improve over the next six months (39.8 vs 36.4), expecting significant increases in employment and prices.
2021-04-15
NY Business Activity Rises the Most in Over 2 Years
The New York Empire State Manufacturing Index jumped to 17.4 in March of 2021 from 12.1 in February, beating market forecasts of 14.5. The reading pointed to the strongest growth in business activity in New York since November of 2018. New orders increased modestly (9.1 vs 10.8), and shipments were up substantially (21.1 vs 4). Delivery times continued to lengthen (11.4 vs 9.1), and inventories were somewhat higher (8.1 vs 6.5). Employment levels (9.4 vs 12.1) and the average workweek (10.9 vs 9) both increased modestly. Input price increases continued to pick up (64.4 vs 57.8), rising at the fastest pace in nearly a decade, and selling prices increased significantly (24.2 vs 23.4). Looking ahead, firms remained optimistic that conditions would improve over the next six months (36.4 vs 34.9), anticipating significant increases in employment.
2021-03-15
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

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. .