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.