The NY Empire State Manufacturing Index surged to 18.7 in February of 2017 from a 6.5 in January and above market expectations of 7. It was the highest level since September 2014, driven by new orders (13.5 from 3.1 in January); shipments (18.2 from 7.3); inventories (3.1 from 2.5) and employment (number of employees at 2 from -1.7 and average workweek at 4.1 from -4.2). Also, both input prices (37.8 from 36.1) and selling prices (19.4 from 17.6) increased more rapidly. The six-month outlook suggested that respondents remained highly optimistic about future conditions, despite 8 points drop to 41.7. NY Empire State Manufacturing Index in the United States averaged 7.67 Index Points from 2001 until 2017, reaching an all time high of 38.99 Index Points in April of 2004 and a record low of -34.30 Index Points in February of 2009.
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New York Empire State Manufacturing Index is based on data compiled from the survey of 200 executives from the companies in the manufacturing sector in the New York State. Participants report the change in 11 indicators including level of general business activity, new orders, shipments, inventories, number of employees, delivery time, capital expenditure from the previous month and the likely direction of these indicators in six months. A reading above 0 indicates manufacturing activity is expanding, below 0 is contracting. . 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 – actual data, historical chart and calendar of releases – was last updated on February of 2017.