United States NY Empire State Manufacturing Index

Last Release

Nov 30, 2024

Actual

31.2

Units In

Points

-11.9

Frequency

Monthly

Next Release

Dec 16, 2024

Time to Release

29 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.76 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 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.