The NY Empire State Manufacturing Index surged 13.6 points to 4.5 in November 2022, compared with market expectations of -5.0 and pointing to the first month of improvement in the New York State's business activity since July. New orders decreased slightly, while shipments expanded modestly. Delivery times were little changed, and inventories grew significantly. Labor market indicators pointed to a solid increase in employment and a longer average workweek. On the price front, input prices increased at about the same pace as last month, while selling cost rose at faster pace. Looking ahead, firms expect business conditions to worsen over the next six months. source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States averaged 8.16 points from 2001 until 2022, reaching an all time high of 43.00 points in July of 2021 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 December of 2022.

NY Empire State Manufacturing Index in the United States is expected to be 3.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States NY Empire State Manufacturing Index is projected to trend around 6.00 points in 2023 and 9.00 points in 2024, according to our econometric models.

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United States NY Empire State Manufacturing Index



Calendar GMT Actual Previous Consensus TEForecast
2022-10-17 12:30 PM Oct -9.1 -1.5 -4 -1
2022-11-15 01:30 PM Nov 4.5 -9.1 -5 -7
2022-12-15 01:30 PM Dec 4.5 2.9


Related Last Previous Unit Reference
NY Empire State Manufacturing Index 4.50 -9.10 points Nov 2022
NY Empire State Shipments Index 8.00 -0.30 points Nov 2022
NY Empire State Prices Paid Index 50.50 48.60 points Nov 2022
NY Empire State New Orders Index -3.30 3.70 points Nov 2022
NY Empire State Employment Index 12.20 7.70 points Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.50 -9.10 43.00 -78.20 2001 - 2022 points Monthly
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News Stream
NY State Business Activity Grows Slightly in November
The NY Empire State Manufacturing Index surged 13.6 points to 4.5 in November 2022, compared with market expectations of -5.0 and pointing to the first month of improvement in the New York State's business activity since July. New orders decreased slightly, while shipments expanded modestly. Delivery times were little changed, and inventories grew significantly. Labor market indicators pointed to a solid increase in employment and a longer average workweek. On the price front, input prices increased at about the same pace as last month, while selling cost rose at faster pace. Looking ahead, firms expect business conditions to worsen over the next six months.
2022-11-15
New York Manufacturing Activity Falls for 3rd Month
The NY Empire State Manufacturing Index dropped 7.6 points to -9.1 in October 2022, compared with market expectations of -4.0 and suggesting business activity in the New York State declined for a third straight month. The new orders index was unchanged at 3.7, indicating a slight increase in orders, while the shipments index plunged 19.9 points to -0.3, pointing to a levelling off of shipments after they increased significantly last month. In addition, the unfilled orders index rose 3.8 points to -3.7, still pointing to a decline in the level of unfilled orders. Delivery times held steady, and inventories inched higher. Labor market indicators pointed to a small increase in employment and the average workweek. Input price increases picked up, while the pace of selling price increases held steady. Looking ahead, firms do not expect business conditions to improve over the next six months.
2022-10-17
New York Empire State Factory Gauge Steady in August
The New York Empire State Manufacturing Index climbed 30 points to -1.5 in August 2022, beating market expectations of -13. New orders increased, and shipments expanded significantly. Delivery times were steady while inventories picked up. Labor market indicators pointed to a modest increase in employment and no change in the average workweek. While still elevated, the prices paid and prices received indexes moved significantly lower, indicating a deceleration in price increases. Finally, firms remained not much optimistic that business conditions would improve over the next few months.
2022-09-15