United States NY Empire State Manufacturing Index

Last Release

Apr 30, 2024

Actual

-14.3

Units In

Points

-20.9

Frequency

Monthly

Next Release

May 15, 2024

Time to Release

29 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.94 Points	2001-2024	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 to -14.3 in April 2024 from -20.9 in the previous month, but it remained below the market consensus of -9.0. The reading suggested that business activity declined for a fifth consecutive month in New York State, with both new orders and shipments falling significantly and unfilled orders continuing to shrink. Delivery times shortened, and inventories edged higher. Labor market conditions remained weak, with both employment and hours worked moving lower. On the price front, input cost inflation picked up somewhat, while selling price inflation held steady. Finally, business optimism remained subdued, though firms expected conditions to improve over the next six months.