US Empire State Manufacturing Index
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment;
Above 0.0 indicates improving conditions, below indicates worsening conditions;
- US Empire State Manufacturing Index Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 16, 2024 | 11.5 | -4.1 | -4.7 |
| Aug 15, 2024 | -4.7 | -5.9 | -6.6 |
| Jul 15, 2024 | -6.6 | -5.5 | -6.0 |
| Jun 17, 2024 | -6.0 | -12.5 | -15.6 |
| May 15, 2024 | -15.6 | -9.9 | -14.3 |
| Apr 15, 2024 | -14.3 | -5.2 | -20.9 |
| Mar 15, 2024 | -20.9 | -7.0 | -2.4 |
| Feb 15, 2024 | -2.4 | -13.7 | -43.7 |
-
- US Empire State Manufacturing Index News
From newyorkfed.org|Sep 16, 2024Business activity grew in New York State for the first time in nearly a year, according to firms responding to the September 2024 Empire State Manufacturing Survey. The headline general business conditions index rose sixteen points to 11.5. New orders climbed, and shipments grew significantly. Delivery times and supply availability were steady, and inventories levelled off. Labor market conditions remained soft, with employment continuing to contract modestly and the average workweek holding steady. The pace of input and selling ...
- From newyorkfed.org|Aug 15, 2024
Business activity edged slightly lower in New York State, according to firms responding to the August 2024 Empire State Manufacturing Survey. The headline general business conditions index was little changed at -4.7. New orders declined modestly, while shipments held steady. Delivery times continued to shorten, and supply availability was little changed. Inventories moved lower for a second consecutive month. Labor market conditions remained weak, with employment continuing to contract and the average workweek dropping sharply. Input ...
- From newyorkfed.org|Jul 15, 2024
Business activity continued to decline modestly in New York State, according to firms responding to the July 2024 Empire State Manufacturing Survey. The headline general business conditions index was little changed at -6.6. New orders remained steady, while shipments inched just slightly higher. Delivery times shortened, and supply availability was unchanged. Inventories moved lower. Labor market conditions remained weak, with employment continuing to contract. Input prices increased modestly while selling price increases were quite ...
- From newyorkfed.org|Jun 17, 2024
Business activity declined modestly in New York State, according to firms responding to the June 2024 Empire State Manufacturing Survey. The headline general business conditions index moved up ten points but remained below zero at -6.0. New orders held steady, while shipments inched higher. Delivery times shortened somewhat, and supply availability—a new monthly indicator now included in these reports—was little changed. Inventories were flat. Labor market conditions remained weak, with employment and hours worked continuing to ...
From newyorkfed.org|May 15, 2024Business activity continued to decline in New York State, according to firms responding to the May 2024 Empire State Manufacturing Survey. The headline general business conditions index was little changed at -15.6. New orders declined significantly, while shipments held steady. Unfilled orders continued to decline. Delivery times shortened, and inventories were little changed. Labor market conditions remained weak, with employment and hours worked continuing to move lower. The pace of input and selling price increases moderated ...
- From newyorkfed.org|Apr 15, 2024
Business activity continued to decline in New York State, according to firms responding to the April 2024 Empire State Manufacturing Survey. The headline general business conditions index rose seven points but remained below zero at -14.3. New orders and shipments both declined significantly, and unfilled orders continued to shrink. Delivery times shortened, and inventories edged higher. Labor market conditions remained weak, with employment and hours worked moving lower. The pace of input price increases picked up somewhat, while ...
- From newyorkfed.org|Mar 15, 2024|16 comments
Business activity continued to decline in New York State, according to firms responding to the March 2024 Empire State Manufacturing Survey. The headline general business conditions index fell nineteen points to -20.9. Demand softened as new orders declined significantly, and shipments were lower. Unfilled orders continued to shrink, and delivery times were little changed. Inventories declined. Labor market indicators weakened, as employment and hours worked both decreased. The pace of input price increases moderated somewhat, while ...
From think.ing.com|Feb 15, 2024January’s US retail sales report looks soft, falling 0.8% month-on-month versus the 0.2% drop expected while December's growth rate was revised down to +0.4% MoM from +0.6%. The 'control group', which excludes volatile items such as autos, food service, gasoline and building supplies, has a better correlation with broader consumer spending trends – remember retail sales is only around 45% of total consumer spending – fell 0.4% MoM versus expectations of a 0.2% increase. With inflation coming in on the hot side earlier in the week, ...
| Released on Sep 16, 2024 |
|---|
| Released on Aug 15, 2024 |
|---|
| Released on Jul 15, 2024 |
|---|
| Released on Jun 17, 2024 |
|---|
| Released on May 15, 2024 |
|---|
| Released on Apr 15, 2024 |
|---|
| Released on Mar 15, 2024 |
|---|
| Released on Feb 15, 2024 |
|---|
- Details