The New York Empire State Manufacturing Index shot up twenty-six points to 43.0 in July of 2021, the highest on record and well above market expectations of 18. New orders (33.2 vs 16.3) and shipments (43.8 vs 14.2) increased robustly. Delivery times continued to lengthen substantially (20.2 vs 29.8), and inventories expanded (16.2 vs -2.6). Employment grew strongly (20.6 vs 12.3), and the average workweek increased (14 vs 15.1). Input prices continued to increase sharply, and selling prices rose at the fastest pace on record. Looking ahead, firms remained optimistic that conditions would improve over the next six months, with the index for future employment reaching another record high. source: Federal Reserve Bank of New York
NY Empire State Manufacturing Index in the United States averaged 8.24 points from 2001 until 2021, reaching an all time high of 43 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 July of 2021.
NY Empire State Manufacturing Index in the United States is expected to be 12.00 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.