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. source: Federal Reserve Bank of New York
NY Empire State Manufacturing Index in the United States increased to -14.30 points in April from -20.90 points in March of 2024. NY Empire State Manufacturing Index in the United States averaged 6.94 points from 2001 until 2024, reaching an all time high of 43.00 points in July of 2021 and a record low of -78.20 points in April of 2020. This page provides the latest reported value for - United States NY Empire State Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States NY Empire State Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
NY Empire State Manufacturing Index in the United States increased to -14.30 points in April from -20.90 points in March of 2024. NY Empire State Manufacturing Index in the United States is expected to be -2.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.