The NY Empire State Manufacturing Index climbed to 31.2 in November 2024, up from -11.9 in October and surprising analysts who expected it at -0.7. It was the best reading since December 2021, as the new orders index climbed 38 points to 28.0, and the shipments index rose 35 points to 32.5, pointing to sharp increases in both orders and shipments. Unfilled orders fell modestly. The inventories index climbed to 1.0, signaling that inventories levelled off. The delivery times index moved up to 3.1, suggesting that delivery times were slightly longer, and the supply availability index came in at -4.1, a sign that supply availability worsened somewhat. Labor market conditions pointed to steady employment levels and a longer average workweek. The pace of input and selling price increases remained modest and similar to last month. Looking forward, firms remained optimistic about the six-month outlook. source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States increased to 31.20 points in November from -11.90 points in October of 2024. NY Empire State Manufacturing Index in the United States averaged 6.76 points from 2001 until 2024, 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 November of 2024.

NY Empire State Manufacturing Index in the United States increased to 31.20 points in November from -11.90 points in October of 2024. NY Empire State Manufacturing Index in the United States is expected to be -4.00 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 2025 and 3.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-15 12:30 PM
NY Empire State Manufacturing Index
Oct -11.90 11.50 3.8 4
2024-11-15 01:30 PM
NY Empire State Manufacturing Index
Nov 31.20 -11.90 -0.7 -5
2024-12-16 01:30 PM
NY Empire State Manufacturing Index
Dec 31.2 -4

Components Last Previous Unit Reference
NY Empire State Employment Index 0.90 4.10 points Nov 2024
NY Empire State New Orders Index 28.00 -10.20 points Nov 2024
NY Empire State Prices Paid Index 27.80 29.00 points Nov 2024
NY Empire State Shipments Index 32.50 -2.70 points Nov 2024

Related Last Previous Unit Reference
NY Empire State Manufacturing Index 31.20 -11.90 points Nov 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
31.20 -11.90 43.00 -78.20 2001 - 2024 points Monthly
SA


News Stream
Factory Activity in NY Surprises on the Upside
The NY Empire State Manufacturing Index climbed to 31.2 in November 2024, up from -11.9 in October and surprising analysts who expected it at -0.7. It was the best reading since December 2021, as the new orders index climbed 38 points to 28.0, and the shipments index rose 35 points to 32.5, pointing to sharp increases in both orders and shipments. Unfilled orders fell modestly. The inventories index climbed to 1.0, signaling that inventories levelled off. The delivery times index moved up to 3.1, suggesting that delivery times were slightly longer, and the supply availability index came in at -4.1, a sign that supply availability worsened somewhat. Labor market conditions pointed to steady employment levels and a longer average workweek. The pace of input and selling price increases remained modest and similar to last month. Looking forward, firms remained optimistic about the six-month outlook.
2024-11-15
Factory Activity in NY Posts Surprise Decline
The NY Empire State Manufacturing Index plummeted to -11.9 in October 2024, down from 11.5 in September and surprising analysts who expected it at 3.8. This marks the worst reading since May, pointing to a renewed contraction in the New York State and at a solid pace. The new orders index slumped 20 points to -10.2, and the shipments index fell 21 points to -2.7. Unfilled orders were little changed. The inventories index fell 8 points to -7.5. The delivery times index edged down to -3.2, suggesting that delivery times were somewhat shorter, and the supply availability index fell five points to -7.5, a sign that supply availability worsened in October. Meanwhile, labor market conditions improved, with a small increase in both employment and average workweek for the first time in a year. The pace of input and selling price increases remained modest but picked up slightly. Lastly, the index for future business activity moved up 8 points to 38.7, a multi-year high.
2024-10-15
NY Business Activity Unexpectedly Grows
The NY Empire State Manufacturing Index unexpectedly jumped to 11.5 in September 2024, the highest since April 2022, compared to -4.7 in August and forecasts of -3.9. The reading showed business activity in New York state grew for the first time in nearly a year, as new orders climbed (9.4 vs -7.9 in August) and shipments grew significantly (17.9 vs 0.3). Delivery times (-1.1 vs -3.2) and supply availability were steady (2.1 vs -7.4), and inventories leveled off (0 vs -10.6). Meanwhile, labor market conditions remained soft, with employment continuing to contract modestly (-5.7 vs -6.7) and the average workweek holding steady (2.9 vs -17.8). Also, the pace of input (23.2 vs 23.4) and selling price increases (7.4 vs 8.5) were little changed. Firms grew more optimistic that conditions would improve in the months ahead (30.6 vs 22.9), though the capital spending index dipped below zero for the first time since 2020 (-2.1 vs 8.5).
2024-09-16