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 |
|---|---|---|---|
| Dec 16, 2024 | 0.2 | 6.4 | 31.2 |
| Nov 15, 2024 | 31.2 | -0.3 | -11.9 |
| Oct 15, 2024 | -11.9 | 3.4 | 11.5 |
| 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 |
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- US Empire State Manufacturing Index News
From newyorkfed.org|Dec 16, 2024Business activity held steady in New York State in December, according to firms responding to the Empire State Manufacturing Survey. After rising sharply last month, the headline general business conditions index retreated thirty-one points to 0.2. New orders and shipments increased modestly. Delivery times shortened somewhat, and supply availability was little changed. Inventories increased at a substantial clip. Labor market indicators pointed to small decline in employment and a slightly shorter average workweek. Both input and ...
From think.ing.com|Nov 15, 2024US retail sales rose 0.4% month-on-month in October, a touch higher than the consensus 0.3% MoM expectation while September’s growth rate was revised up to 0.8% from 0.4%. A big 1.6% MoM increase in autos was the main factor, but building materials (+0.5%) and restaurants and bars (+0.7%) both contributed strongly. The “control” group, which excludes volatile items (the three just listed plus gasoline) and has a better record of tracking broader consumer spending that includes services, was quite a bit weaker, falling 0.1% MoM versus ...
- From newyorkfed.org|Nov 15, 2024|2 comments
Business activity grew strongly in New York State in November, according to firms responding to the Empire State Manufacturing Survey. The headline general business conditions index shot up forty-three points to 31.2, its highest reading in nearly three years. New orders and shipments rose substantially. Delivery times were slightly longer, while supply availability was somewhat lower. Inventories held steady. Labor market conditions pointed to steady employment levels and a longer average workweek. The pace of input and selling ...
- From newyorkfed.org|Oct 15, 2024
Business activity contracted modestly in New York State, according to firms responding to the October 2024 Empire State Manufacturing Survey. After climbing into positive territory last month, the headline general business conditions index retreated twenty-three points to -11.9. New orders fell, and shipments edged lower. Delivery times were slightly shorter, while supply availability deteriorated somewhat. Inventories shrank. Labor market conditions improved, with a small increase in both employment and the average workweek for the ...
- From newyorkfed.org|Sep 16, 2024
Business 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 ...
| Released on Dec 16, 2024 |
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| Released on Nov 15, 2024 |
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| Released on Oct 15, 2024 |
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| Released on Sep 16, 2024 |
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| Released on Aug 15, 2024 |
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| Released on Jul 15, 2024 |
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| Released on Jun 17, 2024 |
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