NY Empire State Manufacturing Index measures the general business conditions in the manufacturing sector at the New York State. Higher readings or rising ones indicate improved business conditions and are positive for the US Dollar. Readings that are high but are declining over time may indicate also a declining growth in business conditions and a less positive future economic outlook.
The United States NY Empire Manufacturing Index
The United States NY Empire Manufacturing Index latest reading for the month of July was 9.80, lower than the forecast reading of 15.00 and the previous reading of 19.80. The Index shows variability in its readings, and a volatile trend for 2017. In 2016 there were several negative readings, whereas in 2017 there is only one negative reading of -1.00 in May. Historically the Index has a long-term average reading of 7.79 for the years 2001-2017. It also has an all-time high reading of 38.99 in April of 2004, and an all-time low reading of -34.30 in February of 2009. On a yearly basis the Index shows volatile readings, but the main trend is an uptrend, showing improved business conditions for the manufacturing sector.
