United States NY Empire State Manufacturing Index

Last Release

Dec 31, 2024

Actual

0.2

Units In

Points

31.2

Frequency

Monthly

Next Release

Jan 15, 2025

Time to Release

28 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.73 Points	2001-2024	Federal Reserve Bank of New York

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. .

Latest Updates

The NY Empire State Manufacturing Index fell to 0.20 in December 2024 from 31.2 in November which was the highest reading since December 2021, and well below forecasts of 12. The reading showed business activity in the NY state held steady, following a big rise in the previous month. New orders (6.1 vs 28) and shipments (9.4 vs 32.5) increased modestly. Delivery times (-7.4 vs 3.1) shortened somewhat, and supply availability was little changed (-8.4 vs -10.3). Inventories increased at a substantial clip (10.5 vs 1). Labor market indicators pointed to small decline in employment (-5.8 vs 0.9) and a slightly shorter average workweek (-3.9 vs 6.1). Both input (21.1 v 27.8) and selling price increases (4.2 vs 12.4) moderated. In addition, firms remained optimistic about the six-month outlook, though somewhat less so than in November (24.6 vs 33.2). Inventories are expected to continue to grow, and capital spending plans remained modest.