United States NY Empire State Manufacturing Index

Last Release

Nov 30, 2025

Actual

18.7

Units In

Points

10.7

Frequency

Monthly

Next Release

Dec 15, 2025

Time to Release

26 Days 13 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 NY Empire State Manufacturing Index in the US jumped to 18.7 in November 2025, the highest in a year, from 10.7 in October, and much better than forecasts of 6. The reading showed manufacturing activity grew at a solid pace in New York State, with new orders (15.9 vs 3.7) and shipments (16.8 vs 14.4) increasing significantly. Delivery times lengthened modestly (7.7 vs 3.9), and supply availability worsened somewhat (-11.5 vs -10.7) while inventories expanded (6.7 vs -1). Labor market indicators improved, pointing to a small increase in employment (6.6 vs 6.2) and a longer average workweek (7.7 vs -4.1). The pace of both input price increases (49 vs 52.4) and selling price increases slowed slightly (24 vs 27.2), but remained elevated. Meanwhile, firms expect conditions to improve, but optimism for the future dipped, with the index for future general business conditions declining to 19.1 from 30.3.