United States NY Empire State Manufacturing Index

Last Release

Mar 31, 2025

Actual

-20

Units In

Points

5.7

Frequency

Monthly

Next Release

May 15, 2025

Time to Release

29 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.57 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 rose to -8.1 in April 2025 from -20 in March which was the lowest price since May 2023, compared to forecasts of -14.5. However, the reading showed that business activity declined modestly in the New York state. New orders fell (-8.8 vs -14.9 in March), and shipments edged lower (-2.9 vs -8.5). Delivery times held steady (0 vs 1), and supply availability worsened (4.1 vs -2). Meanwhile, inventories continued to expand (7.4 vs 13.3) and employment was little changed (-2.6 vs -4.1), while the average workweek moved lower (-9.1 vs -2.5). In addition, input price increases (50.8 vs 44.9) and selling price increases (28.7 vs 22.4) picked up to the fastest pace in more than two years. Firms turned pessimistic about the outlook, with the future general business conditions index falling to -7.4, its second lowest reading on record.