The New York Empire State Manufacturing Index fell to 4.9 in December of 2020, the lowest since August, from 6.3 in November and below forecasts of 6.9. New orders increased marginally (3.4), and shipments were modestly higher (12.1). Inventories continued to move lower (-4.3), and delivery times edged up (4.3). Employment posted its strongest gain in months (14.2), and the average workweek lengthened somewhat (4.8). Input prices increased at the fastest pace in two years (37.1), while selling prices increased at about the same pace as last month (10). Looking ahead, firms remained optimistic that conditions would improve over the next six months (36.3). source: Federal Reserve Bank of New York
NY Empire State Manufacturing Index in the United States averaged 7.87 points from 2001 until 2020, reaching an all time high of 39 points in April of 2004 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 December of 2020.
NY Empire State Manufacturing Index in the United States is expected to be 5.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate NY Empire State Manufacturing Index in the United States to stand at 12.00 in 12 months time. In the long-term, the United States NY Empire State Manufacturing Index is projected to trend around 4.00 points in 2021, according to our econometric models.