Empire State Manufacturing Survey for August 2021

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (August 2021):

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Expected: +15.0

• Actual: +18.3

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

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The July 2021 Figure: +43.0 

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From Today's Report:

"...Business activity continued to expand in New York State, according to firms responding to the August 2021 Empire State Manufacturing Survey, though growth was significantly slower than last month’s record-setting pace. The headline general business conditions index fell twenty-five points to 18.3. New orders increased modestly, and shipments grew slightly. Delivery times continued to lengthen substantially, and inventories were somewhat higher. Employment and the average workweek increased modestly. Input prices continued to rise sharply, and the pace of selling price increases set another record. Looking ahead, firms remained optimistic that conditions would improve over the next six months, with substantial increases in employment and prices expected..."

 

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About This Survey, From The NY Fed Website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

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• Click here to view the full New York Fed report.

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• For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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Empire State Manufacturing Survey for June 2020

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (June 2020):

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Expected: -10.0

• Actual: -0.2

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

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The May 2020 Figure: -48.5 

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CHART: Empire State Manufacturing Survey - June 2020 Update

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From Today's Report:

"...Business activity steadied in New York State, according to firms responding to the June 2020 Empire State Manufacturing Survey. After breaching record lows in April and May, the headline general business conditions index climbed forty-eight points to -0.2. New orders were unchanged from last month, and shipments inched higher. Delivery times and inventories were little changed. Employment levels edged slightly lower and the average workweek continued to decline. Input price increases picked up, and selling prices stabilized. Firms were notably more optimistic that conditions would be better in six months, with the index for future business conditions rising to its highest level in more than a decade..."

 

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About This Survey, From The NY Fed Website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

===========

• Click here to view the full New York Fed report.

===========

• For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

===========

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Empire State Manufacturing Survey for December 2019

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (December 2019):

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Expected: +4.0

• Actual: +3.5

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

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The November 2019 figure was +2.9 

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From today's report:

"...Business activity was little changed in New York State, according to firms responding to the December 2019 Empire State Manufacturing Survey. The headline general business conditions index held steady at 3.5. New orders were also little changed, while shipments grew modestly. Delivery times were somewhat shorter, and inventories held steady. Employment continued to expand, though the average workweek was unchanged. Input price increases continued to slow, and selling prices increased slightly. Optimism about the six-month outlook picked up, and capital spending plans were notably stronger..."

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

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Empire State Manufacturing Survey
General Business Conditions
December 2019 Update

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• Click here to view the full New York Fed report.

===========

• For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

===========

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Empire State Manufacturing Survey for December 2018

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (December 2018):

Expected: +30.6
Actual: +10.9

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

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The November 2018 actual figure was +23.3 

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About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

===========

• Click here to view the full New York Fed report.

===========

• For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

===========

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Empire State Manufacturing Survey for August 2016

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (August 2016):

Predicted: +2.5
Actual: -4.21

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...Business activity in New York State declined slightly this month, according to firms responding to the August 2016 Empire State Manufacturing Survey. The headline general business conditions index fell five points to -4.2. The new orders index remained near zero, a sign that orders were little changed, while the shipments index climbed eight points to 9.0, indicating that shipments rose. Labor market indicators pointed to little change in employment levels and hours worked. The prices paid index edged down to 15.5, suggesting that input price increases remained moderate, and at 2.1, the prices received index reflected a minute increase in selling prices. Forward-looking indicators suggested that firms expected conditions to improve over the next six months, although the level of optimism diminished for a second consecutive month..."

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

Click here to view the full NY Fed report.

• Last month, the actual figure was +0.55
  

For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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Empire State Manufacturing Survey for July 2016

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (July 2016):

Predicted: +5.0
Actual: +0.55

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...The July 2016 Empire State Manufacturing Survey indicates that business activity flattened out for New York manufacturers. The headline general business conditions index fell five points to 0.6. The new orders index and the shipments index both fell to levels not far from zero—a sign that orders and shipments were little changed. Labor market indicators pointed to a small decline in employment levels and hours worked. The prices paid index held steady at 18.7, suggesting that moderate input price increases were continuing, and the prices received index held near zero, indicating that selling prices remained steady. Firms were less optimistic about future conditions compared to last month..."

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

Click here to view the full NY Fed report.

• Last month, the actual figure was +6.01.
  

For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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Empire State Manufacturing Survey for June 2016

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (June 2016):

Predicted: +3.5
Actual: +6.01

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...The June 2016 Empire State Manufacturing Survey indicates that business activity expanded modestly for New York manufacturers. The headline general business conditions index climbed fifteen points to 6.0. The new orders index and the shipments index rose from negative values to 10.9 and 9.3, respectively—a sign that orders and shipments were increasing after last month’s decline. The inventories index fell to -15.3, indicating that inventories were lower, and the employment index was zero, signaling that employment counts were unchanged. The prices paid index held steady at 18.4, suggesting that moderate input price increases were continuing, and the prices received index was near zero, indicating that selling prices were stable. Firms were more optimistic about the six-month outlook this month, and capital spending plans picked up..."

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

Click here to view the full NY Fed report.

• Last month, the actual figure was -9.02.
  

For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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Empire State Manufacturing Survey for May 2016

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (May 2016):

Predicted: +7.0
Actual: -9.02

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...The May 2016 Empire State Manufacturing Survey indicates that business activity declined for New York manufacturers. The headline general business conditions index turned negative, falling nineteen points to -9.0. The new orders and shipments indexes also fell below zero, pointing to a decline in both orders and shipments..."

 "...Business activity contracted for New York manufacturing firms, according to the May 2016 survey. Following a brief foray into positive territory in March and April, the general business conditions index fell back below zero, declining nineteen points to -9.0..."

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

Click here to view the full NY Fed report.

• Last month, the actual figure was +9.56.
  

For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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Empire State Manufacturing Survey for April 2016

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (April 2016):

Predicted: +3.0
Actual: +9.56

Any figure above zero implies that manufacturing in the region is expanding, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...The April 2016 Empire State Manufacturing Survey indicates that business activity expanded for New York manufacturers. The headline general business conditions climbed nine points to 9.6, its highest level in more than a year. The new orders and shipments indexes registered an increase in both orders and shipments, and inventories were slightly lower than last month. The prices paid index climbed sixteen points to 19.2, pointing to a pickup in input price increases, while the prices received index rose above zero, a sign that selling prices increased. Employment levels and the average workweek were little changed from March. The six-month outlook continued to improve, with the index for future business conditions rising for a third straight month..."

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

Click here to view the full NY Fed report.

• Last month, the actual figure was +0.62.
  

For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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Empire State Manufacturing Survey for March 2016

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (March 2016):

Predicted: -11.25
Actual: +0.6

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...The March 2016 Empire State Manufacturing Survey indicates that business activity steadied for New York manufacturers. The headline general business conditions climbed seventeen points to 0.6, its first positive reading since July of last year. The new orders and shipments indexes rose well above zero for the first time in several months, pointing to an increase in both orders and shipments. Price indexes suggested a slight increase in input prices and a small decline in selling prices. Labor market conditions were little changed, with employment and the average workweek holding fairly steady. The six-month outlook improved, with the index for future new orders rising to its highest level in more than a year..."

Click here to view the full NY Fed report.

• Last month, the actual figure was -16.6.
  

For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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Empire State Manufacturing Survey for February 2016

Earlier today, the Federal Reserve Bank of New York  (NY Fed) released the Empire State Manufacturing Survey for this month (February 2016):

Predicted: -10.0
Actual: -16.64

Any figure below zero implies that manufacturing in the region is contracting, and vice versa.

About this survey, from the NY Fed website:

"...Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead..."

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...Business activity declined for a seventh consecutive month for New York manufacturing firms, according to the February 2016 survey. After dropping to its lowest level since the Great Recession in January, the general business conditions index edged up three points to -16.6..."

Click here to view the full NY Fed report.

• Last month, the actual figure was -19.37.
  

For a national perspective on manufacturing in the United States, check out the Institute of Supply Management's Purchasing Manager's Index (PMI).

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