United States NY Empire State Manufacturing Index

Last Release

Feb 28, 2025

Actual

5.7

Units In

Points

-12.6

Frequency

Monthly

Next Release

Mar 17, 2025

Time to Release

25 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.67 Points	2001-2025	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 surged 18.3 points to +5.7 in February 2025, easily surpassing market expectations of -1 and signaling a slight rebound in business activity across New York State. New orders and shipments saw moderate growth, while employment levels declined. Delivery times lengthened slightly, supply availability decreased marginally, and inventories continued to expand at a modest pace. On the price front, input costs rose at the fastest pace in nearly two years, while selling prices also increased noticeably. Finally, business optimism about the outlook dropped significantly, although firms expect conditions to improve over the next six months.