US Empire State Manufacturing Index
US Empire State manufacturing index measuring regional factory sector health.
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GENERAL CONDITIONS11 | ||||||||||||||||||||||||||||||||||||||
| General business conditions | 7.6 | 20.6 | 15.6 | 5.7 | 19.6 | 11 | -0.2 | 7.1 | 7.7 | -3.7 | 13.5 | 7.8 | -7 | 9.1 | 3.1 | -14.9 | -6.9 | -8.6 | -15.7 | 4.3 | -7.4 | 2.2 | 16.8 | -14 | 3.8 | 0.1 | -16.7 | -6.5 | -7 | -19.7 | -4.7 | -7.2 | -29.7 | -13.6 | -6.5 | -6.5 | -5.3 | |
| New orders | 2 | 17.3 | 22.2 | 3.5 | 22.7 | 19.3 | 6.4 | 5.8 | 6.6 | -1 | 9.6 | 1.8 | -17.7 | 12.8 | 1.1 | -12.6 | 5.8 | -5.5 | -10.3 | 8.3 | -3.6 | 3.6 | 16.1 | -16.3 | 0.2 | -0.3 | -8.1 | -4 | -11.3 | -21.8 | -1.6 | -8.8 | -30.7 | -15.1 | -16.4 | -9.8 | -4 | |
| Shipments | -3.2 | 11.7 | 24.4 | 8.6 | 18.9 | 20.2 | -6.9 | -1 | 16.3 | -5 | 11.5 | 10.4 | -14.8 | 9.6 | 7.8 | -4.2 | 4.5 | -0.6 | -5.3 | 13.4 | 0.6 | 9.7 | 17.4 | -3.7 | 11 | 8.9 | -9.4 | 3.2 | 4.7 | -21.7 | 5 | 2.9 | -14.4 | -7.2 | -3.6 | 1.1 | 5.6 | |
| Unfilled orders | 5.9 | 15.5 | 5 | 5 | 4.9 | 9.1 | 10.8 | 9.1 | -8.2 | -14.9 | -5.8 | -3.9 | -6.9 | -5.5 | -6.4 | -8.3 | 4.8 | 4.1 | -2 | 1.1 | -4.7 | -8.4 | -10.3 | -2.2 | 2.1 | -7.4 | -11.2 | 1 | -8.1 | -10.1 | -10.9 | -9.6 | -24.2 | -24 | -23.2 | -19.1 | -5.2 | |
| Delivery time | 18.8 | 20.6 | 13 | 11.9 | 20.4 | 12.1 | 13.7 | 4 | 0 | -5.9 | 7.7 | 3.9 | 0 | 17.4 | 8.3 | 1.8 | 1 | 0 | 1 | 5.4 | 3.5 | -7.4 | 3.1 | -3.2 | -1.1 | -3.2 | -9.2 | -4.1 | -9.1 | -7.9 | -1 | -3.2 | -8.4 | -15.6 | -6.1 | -6.4 | 2.1 | |
| Inventories | 8.9 | -5.2 | 4 | 0 | 9.7 | 5.1 | 6.9 | 7.1 | -2.1 | 4 | 6.7 | -1 | -4.9 | -6.4 | 15.6 | 0.9 | 4.8 | 7.4 | 13.3 | 8.7 | 5.8 | 10.5 | 1 | -7.5 | 0 | -10.6 | -6.1 | 1 | 2 | 3.4 | -12.9 | -9.6 | -7.4 | -5.2 | 9.1 | -2.1 | -6.2 | |
| Prices paid | 63.1 | 58.6 | 52.3 | 61 | 62.6 | 51 | 36.6 | 49.1 | 42.8 | 44.2 | 50.1 | 52.6 | 49.3 | 55.4 | 55.8 | 47.4 | 52.8 | 45.1 | 42 | 37 | 32.2 | 25.9 | 29.5 | 30 | 27.1 | 26.1 | 27.6 | 25.3 | 24 | 29.5 | 23.5 | 29.5 | 25.5 | 20.8 | 22.9 | 27.4 | 28.4 | |
| Prices received | 28.1 | 22.7 | 27.6 | 31.4 | 31.8 | 21.8 | 21.4 | 22.2 | 14.4 | 25.4 | 25.3 | 29 | 23.1 | 24.8 | 29 | 28.3 | 19.4 | 22.5 | 18.7 | 14.5 | 9.9 | 7.5 | 13.1 | 13.1 | 8.7 | 9.7 | 9.3 | 8.2 | 11.5 | 12.7 | 14.3 | 12.1 | 9.8 | 15.8 | 11.2 | 14.2 | 20.5 | |
| Number of employees | 10.6 | 9.3 | 11.4 | 9.6 | 8.3 | 9.8 | 5.8 | 4 | -9 | 7.5 | 6.5 | 4.9 | -1.3 | 4.1 | 8.5 | 3.9 | -5.4 | -2 | -3.4 | -1.7 | 0.3 | -6.2 | -2.2 | 1.3 | -6.7 | -5.3 | -8 | -7.5 | -6.2 | -0.5 | -3.5 | 0.8 | -9.2 | -9.3 | -8 | 0.2 | -3.2 | |
| Average employee workweek | 17 | 6.9 | 2.8 | 5.1 | 11.5 | 13.7 | 1.9 | 2.1 | -5.4 | 2.5 | 6.4 | -3.3 | -3.8 | -0.2 | 2.3 | -1.5 | -3.2 | -7.3 | -2.6 | -2.4 | -13.8 | -3.1 | 1.8 | -1.1 | 1.7 | -11.9 | -2.6 | -9.1 | -6.5 | -8.3 | -5.2 | -3.5 | -3.2 | -1.6 | -9.8 | -4.5 | -7.2 | |
| Availability of supplies | -11.9 | -13.4 | -10 | -13.9 | -10.7 | -10.1 | -3.9 | -1 | -4.1 | -6.9 | -11.5 | -10.7 | -8.8 | -5.5 | -11 | -8.3 | -11.4 | -5.7 | -1 | -2.2 | 0 | 1.1 | -4.1 | -7.5 | -2.1 | -2.1 | 0 | -1 | -1.1 | 3.5 | 10 | 3.3 | 7.7 | 7.4 | 2 | 5.5 | 13.4 | |
| SIX-MONTH EXPECTATIONS12 | ||||||||||||||||||||||||||||||||||||||
| General business conditions | 29 | 32.1 | 27.9 | 30.1 | 33.5 | 19.6 | 31 | 34.7 | 30.3 | 33.5 | 19.3 | 27.6 | 15.6 | 16.9 | 22.7 | 21.9 | 2.5 | -5 | 14.3 | 21.4 | 33.9 | 24.9 | 36 | 32.2 | 29.5 | 23.3 | 27.1 | 26.4 | 18.7 | 23 | 23 | 19.9 | 15.5 | 11.3 | 1.7 | 17.5 | 25.2 | |
| New orders | 25.3 | 37.1 | 33.2 | 32.5 | 30.1 | 24.8 | 29.1 | 34.9 | 33.3 | 34.5 | 23.7 | 33.2 | 17.1 | 16.8 | 24.6 | 26.1 | 0.8 | -3.2 | 16 | 18.3 | 31.3 | 25 | 36.1 | 33.8 | 34.2 | 23 | 23.7 | 27.7 | 21.4 | 25.6 | 27.6 | 27.2 | 20.2 | 14 | 10.2 | 15.6 | 29.8 | |
| Shipments | 25.5 | 33.7 | 30.6 | 32.2 | 26.6 | 17.7 | 30.2 | 33.4 | 34.9 | 30.7 | 22.4 | 29.2 | 14.3 | 18.1 | 19.5 | 23.6 | -0.1 | -0.9 | 22 | 22.5 | 27.4 | 30.7 | 34.5 | 33.8 | 30.9 | 21.7 | 28.3 | 26.5 | 16.8 | 28.1 | 29.5 | 24.8 | 20.2 | 16.1 | 18.1 | 12.3 | 28.7 | |
| Unfilled orders | 5.9 | 19.6 | -3 | 8.9 | 7.8 | 7.1 | 14.7 | 18.2 | 10.3 | 12.9 | 1 | 5.8 | 2.9 | 0.9 | -0.9 | -3.7 | -9.5 | -7.4 | 7.1 | 9.8 | 18.6 | 8.4 | 5.2 | 5.4 | 3.2 | -1.1 | -4.1 | -4.1 | -2 | 0 | 9.9 | 12.8 | 16.8 | 5.2 | 0 | -5.3 | 5.2 | |
| Delivery time | 7.9 | 7.2 | -4 | 7.9 | 1 | 8.1 | 11.8 | 9.1 | 11.3 | 7.9 | 1 | 5.8 | -2 | 5.5 | -3.7 | -9.2 | 3.8 | 1.6 | 3.1 | 8.7 | 11.6 | 5.3 | 7.2 | 8.6 | -3.2 | -3.2 | -7.1 | -8.2 | 4 | -3.4 | 6.9 | 7.4 | 11.6 | -1 | -9.1 | -4.3 | 4.1 | |
| Inventories | 9.9 | 7.2 | 10 | 8.9 | 1.9 | -4 | 5.9 | 8.1 | 4.1 | 11.9 | 8.7 | 7.8 | 4.9 | 1.8 | 1.8 | -14.7 | 1.9 | -15.6 | -6.1 | -2.2 | 1.2 | 14.7 | 11.3 | -1.1 | 3.2 | 2.1 | 0 | -14.3 | -11.1 | -11.2 | 5 | 3.2 | 5.3 | 9.4 | -10.1 | 5.3 | 0 | |
| Prices paid | 67.3 | 57.7 | 53 | 59.4 | 62.1 | 61.6 | 43.1 | 57.6 | 52.6 | 55.4 | 62.5 | 65 | 57.8 | 64.2 | 58.7 | 59.6 | 66.7 | 65.6 | 58.2 | 56.5 | 54.7 | 42.1 | 48.5 | 43 | 44.2 | 37.2 | 39.8 | 37.8 | 41.4 | 40.4 | 35.6 | 35.1 | 40 | 25 | 32.3 | 28.7 | 37.1 | |
| Prices received | 42.3 | 48.7 | 41.9 | 51.6 | 43.6 | 38.6 | 32.4 | 40.3 | 36.5 | 41.6 | 40.2 | 44.1 | 44 | 43.6 | 44.9 | 46.6 | 39.2 | 44.2 | 36.7 | 41.1 | 38.3 | 23.4 | 39.8 | 32.7 | 32 | 33.3 | 29.7 | 27.3 | 27.8 | 28 | 31.1 | 22 | 28.1 | 22 | 30.6 | 16.5 | 30.6 | |
| Number of employees | 20 | 28.2 | 14.4 | 20.9 | 20.6 | 18.1 | 22.2 | 26.1 | 14.9 | 7.8 | 11.1 | 7.1 | 3.2 | 7.1 | 10.4 | 10.3 | 11.9 | 4.5 | 8.4 | 11.2 | 13.3 | 13.2 | 21.7 | 16.9 | 17.6 | 14.1 | 5.9 | 8.6 | 9.1 | 4.9 | 20.1 | 15.9 | 17.4 | 10.2 | 14.3 | 19 | 16 | |
| Average employee workweek | -4 | 1 | 2 | 7.9 | -1 | 4 | 10.8 | 15.2 | 17.5 | 12.9 | 5.8 | 9.7 | 2 | 0 | -0.9 | -1.8 | -4.8 | -4.1 | 8.2 | 18.5 | 19.8 | 9.5 | 3.1 | 4.3 | -2.1 | -3.2 | -10.2 | -8.2 | 0 | -4.5 | 14.9 | 11.7 | 14.7 | 10.4 | 12.1 | 5.3 | 0 | |
| Capital expenditures | 14.9 | 16.5 | 15 | 10.9 | 15.5 | 13.1 | 21.6 | 18.2 | 10.3 | 6.9 | 11.5 | -2.9 | -3.9 | -0.9 | 9.2 | -7.3 | -6.7 | 1.6 | 9.2 | 10.9 | 15.1 | 11.6 | 13.4 | 9.7 | -2.1 | 8.5 | 3.1 | 2 | 2 | 6.7 | 11.9 | 11.7 | 13.7 | 4.2 | 3 | 9.6 | 10.3 | |
| Availability of supplies | -8.9 | -9.3 | -8 | -6.9 | -10.7 | -8.1 | -2 | 2 | 0 | 1 | -1 | -1.9 | -2 | -1.8 | -2.8 | -5.5 | -27.6 | -18 | -6.1 | -8.7 | 1.2 | -4.2 | 1 | -1.1 | 4.2 | 4.3 | 0 | -1 | 9.1 |
Latest reading
General business conditions stood at 7.6 in Sep 2026. That is −13 from Aug 2026 and +14.6 from a year earlier. The series on this page is monthly and runs from Jul 2001 to Sep 2026. Source: New York FED (Empire State Manufacturing Survey).
- Latest
- 7.6
- Sep 2026
- vs previous period
- −13
- Aug 2026
- vs a year earlier
- +14.6
About this data
US Empire State manufacturing index measuring regional factory sector health. Published monthly by the New York Fed since 2001, it is a key leading indicator. The survey tracks current conditions and six-month expectations for New orders, shipments, and employment. Each figure is a seasonally adjusted diffusion index of New York manufacturers.
Frequently asked questions
- What does the US Empire State Manufacturing Index measure?
- The US Empire State Manufacturing Index measures business conditions, shipments, new orders, and employment for manufacturers in New York State as a leading economic indicator.
- How often is this survey published and when did coverage begin?
- Published monthly by the Federal Reserve Bank of New York, the survey has been conducted continuously since 2001.
- What breakdowns and metrics are included in the survey?
- The survey features identically structured blocks for current conditions and six-month expectations covering new orders, shipments, unfilled orders, inventories, prices paid and received, and employment.
- How are the survey values calculated?
- Each figure is a seasonally adjusted diffusion index calculated as the percentage of respondents reporting an increase minus the percentage reporting a decrease.
