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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States NY Empire State Manufacturing Index


Calendar GMT Actual Previous Consensus TEForecast
2021-07-15 12:30 PM Jul 43 17.4 18 18
2021-08-16 12:30 PM Aug 18.3 43 29 32
2021-09-15 12:30 PM Sep 34.3 18.3 18 19
2021-10-15 12:30 PM Oct 19.8 34.3 27 28
2021-11-15 01:30 PM Nov 19.8
2021-12-15 01:30 PM Dec


News Stream
NY Factory Growth Slows More than Expected
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.
2021-10-15
NY Business Activity Growth Accelerates
The New York Empire State Manufacturing Index jumped to 34.3 in September of 2021 from 18.3 in August and well above market forecasts of 18, pointing to a strong factory growth in the NY state. New orders, shipments, and unfilled orders all increased substantially. Labor market indicators pointed to strong growth in employment and the average workweek. Also, the delivery times index reached a record high and both the prices paid and prices received indexes were at or near record highs. Looking ahead, firms remained very optimistic that conditions would improve over the next six months, and capital spending and technology spending plans increased markedly.
2021-09-15
NY Factory Growth Slows from Record Rate
The New York Empire State Manufacturing Index fell to 18.3 in August of 2021 from a record high of 43 in July and well below market forecasts of 29, pointing to a slowdown in factory growth in the NY state. New orders increased modestly, and shipments grew slightly. Delivery times continued to lengthen substantially, and inventories were somewhat higher. Employment and the average workweek increased modestly. Input prices continued to rise sharply, and the pace of selling price increases set another record. Looking ahead, firms remained optimistic that conditions would improve over the next six months, with substantial increases in employment and prices expected.
2021-08-16
NY Business Activity Grows at a Record-Setting Pace
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.
2021-07-15

United States Last Unit Reference Previous Highest Lowest
NY Empire State Manufacturing Index 19.80 points Oct/21 34.30 43.00 -78.20


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. .