The New York Empire State Manufacturing Index fell fifteen points to 19.8 in October of 2021 from 34.3 in September and well below market forecasts of 27, pointing to a slower factory growth in the NY state but solid overall. New orders and shipments increased, though by less than they did last month. At the same time, labor market indicators pointed to ongoing growth in employment and the average workweek. Meanwhile, the delivery times index inched up to a record high and both the prices paid and prices received indexes held near record highs. Looking ahead, firms were still very optimistic that conditions would improve over the next six months. source: Federal Reserve Bank of New York
NY Empire State Manufacturing Index in the United States averaged 8.43 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 October of 2021.
NY Empire State Manufacturing Index in the United States is expected to be 14.00 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 4.00 points in 2022, according to our econometric models.