United States NY Empire State Manufacturing Index

Last Release

Oct 31, 2025

Actual

10.7

Units In

Points

-8.7

Frequency

Monthly

Next Release

Nov 17, 2025

Time to Release

1 Months 0 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.37 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 rose 19.4 points to 10.7 in October 2025, marking its third positive reading in the last four months and beating market expectations of -1.0, signaling modest growth in business activity across New York State. New orders improved to 3.7 from -19.6 in September, while shipments rebounded to 14.4 from -17.3. Delivery times lengthened slightly (3.9 vs 0.0), and supply availability continued to worsen modestly (-10.7 vs -8.8). Inventories were largely unchanged (-1.0 vs -4.9). Employment increased to 6.2 from -1.2, though the average workweek edged slightly lower (-4.1 vs -5.1). Both input costs and selling prices rose at a faster pace. Firms grew more optimistic about the near-term outlook, with nearly half expecting conditions to improve in the coming months.