United States NY Empire State Manufacturing Index

Last Release

Jun 30, 2025

Actual

-16

Units In

Points

-9.2

Frequency

Monthly

Next Release

Jul 15, 2025

Time to Release

27 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.39 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 dropped to -16 in June 2025 from -9.2 in May, well below market expectations of -5.5, signaling a further deterioration in business conditions across New York State. This marked the weakest reading since March’s two-year low of -20. Key indicators showed broad-based weakness: new orders and shipments declined, supply availability worsened, and delivery times were largely unchanged. Inventories saw little movement. On the labor front, employment edged higher for the first time in several months, while the average workweek remained steady. Input cost pressures eased somewhat but remained elevated, whereas selling price increases accelerated. Despite the current weakness, firms expressed improved confidence about the future, with the index for general business conditions turning positive for the first time since March.