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.