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 |
|---|---|---|---|
| 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 |
| Apr 15, 2024 | -14.3 | -5.2 | -20.9 |
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- US Empire State Manufacturing Index News
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 commentsBusiness 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 kitco.com|Sep 16, 2024Gold prices are holding support above $2,600 an ounce but could face some technical selling pressure as the New York Federal Reserve reports robust growth in the region’s manufacturing sector. On Monday, the regional central bank said its Empire State Manufacturing Survey rose to 11.5, up sharply from August’s reading of -4.7. The data was significantly better than expected, as economists had anticipated a roughly unchanged reading. "New York State manufacturing activity in September grew for the first time in nearly a year, with ...
- 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 bnnbloomberg.ca|Jun 17, 2024New York state factory activity contracted in June by less than forecast while a measure of prices received by producers fell to an almost one-year low. The Federal Reserve Bank of New York’s general business conditions index increased 9.6 points to minus 6. A reading below zero indicates contraction, and the median forecast in a Bloomberg survey of economists called for a minus 10. The gauge of prices received by state manufacturers dropped 7 points to 7.1, while an index of prices paid for materials decreased to the lowest level ...
| 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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