United States NY Empire State Manufacturing Index

Last Release

Aug 31, 2025

Actual

11.9

Units In

Points

5.5

Frequency

Monthly

Next Release

Sep 15, 2025

Time to Release

29 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.41 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 New York Empire State Manufacturing Index climbed to 11.9 in August 2025, the highest since November 2024, up from 5.5 in July and well above market expectations of 0, signaling a strong pickup in manufacturing activity. Both new orders (15.4 vs 2.0 in July) and shipments (12.2 vs 11.5) advanced. Delivery times lengthened sharply (17.4 vs 8.3), while supply availability deteriorated slightly (-5.5 vs -6.4). At the same time, Inventories fell (-6.4 vs 15.6) after expanding last month. On the labor front, employment inched up (4.4 vs 9.2) while the average workweek was little changed around zero. In terms of prices, input cost pressures remained elevated (54.1 vs 56.0) and selling prices eased slightly (22.9 vs 25.7). Firms stayed positive on the outlook, though optimism moderated, with the future business conditions index falling to 16.0, compared with 24.1 in July.