The NY Empire State Manufacturing Index tumbled to -12.6 in January 2025 from 2.1 in December, missing forecasts of 3 and marking a return to contraction for New York state’s manufacturing activity at the steepest rate since May 2024. The new orders index dropped thirteen points to -8.6, signaling a modest decline in orders, while the shipments index fell eleven points to -1.7, suggesting little change in shipments. Unfilled orders continued to decline. The inventories index remained positive at 5.8, indicating inventory growth. The delivery times index stood at 3.5, suggesting slightly longer delivery times, while the supply availability index was unchanged at zero, signaling stable supply availability. Labor market indicators pointed to steady employment levels but a shorter average workweek. Both input and selling price inflation picked up, but remained subdued overall. Lastly, firms grew more optimistic that conditions would improve in the months ahead. source: Federal Reserve Bank of New York

NY Empire State Manufacturing Index in the United States decreased to -12.60 points in January from 2.10 points in December of 2024. NY Empire State Manufacturing Index in the United States averaged 6.67 points from 2001 until 2025, 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 January of 2025.

NY Empire State Manufacturing Index in the United States decreased to -12.60 points in January from 2.10 points in December of 2024. NY Empire State Manufacturing Index in the United States is expected to be 6.00 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 3.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-16 01:30 PM
NY Empire State Manufacturing Index
Dec 0.20 31.20 12 8
2025-01-15 01:30 PM
NY Empire State Manufacturing Index
Jan -12.60 2.10 3 3.1
2025-02-18 01:30 PM
NY Empire State Manufacturing Index
Feb -12.6

Components Last Previous Unit Reference
NY Empire State Employment Index -5.80 0.90 points Dec 2024
NY Empire State New Orders Index 6.10 28.00 points Dec 2024
NY Empire State Prices Paid Index 21.10 27.80 points Dec 2024
NY Empire State Shipments Index 9.40 32.50 points Dec 2024

Related Last Previous Unit Reference
NY Empire State Manufacturing Index -12.60 2.10 points Jan 2025

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
-12.60 2.10 43.00 -78.20 2001 - 2025 points Monthly
SA


News Stream
Factory Activity in NY Posts Surprise Drop
The NY Empire State Manufacturing Index tumbled to -12.6 in January 2025 from 2.1 in December, missing forecasts of 3 and marking a return to contraction for New York state’s manufacturing activity at the steepest rate since May 2024. The new orders index dropped thirteen points to -8.6, signaling a modest decline in orders, while the shipments index fell eleven points to -1.7, suggesting little change in shipments. Unfilled orders continued to decline. The inventories index remained positive at 5.8, indicating inventory growth. The delivery times index stood at 3.5, suggesting slightly longer delivery times, while the supply availability index was unchanged at zero, signaling stable supply availability. Labor market indicators pointed to steady employment levels but a shorter average workweek. Both input and selling price inflation picked up, but remained subdued overall. Lastly, firms grew more optimistic that conditions would improve in the months ahead.
2025-01-15
Business Activity in NY Stabilizes
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.
2024-12-16
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