United States NY Empire State Manufacturing Index

Last Release

Jan 31, 2025

Actual

-12.6

Units In

Points

2.1

Frequency

Monthly

Next Release

Feb 18, 2025

Time to Release

1 Months 1 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
43 Jul 2021	-78.2 Apr 2020	6.67 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 tumbled to -12.6 in January 2025 from 2.1 in December, missing forecasts of 3 and marking a return to contraction for New York state’s manufacturing activity at the steepest rate since May 2024. The new orders index dropped thirteen points to -8.6, signaling a modest decline in orders, while the shipments index fell eleven points to -1.7, suggesting little change in shipments. Unfilled orders continued to decline. The inventories index remained positive at 5.8, indicating inventory growth. The delivery times index stood at 3.5, suggesting slightly longer delivery times, while the supply availability index was unchanged at zero, signaling stable supply availability. Labor market indicators pointed to steady employment levels but a shorter average workweek. Both input and selling price inflation picked up, but remained subdued overall. Lastly, firms grew more optimistic that conditions would improve in the months ahead.