Empire State Index falls further in June
The New York Empire State Manufacturing Index worsened in June 2025, remaining in negative territory. The indicator dropped to -16 points, down from -9.20 in May, and came in well below analysts’ expectations, which had forecast a rise to -5.9.
This index gauges manufacturing conditions in the New York Federal Reserve district. A value above zero indicates that most firms are seeing improving conditions, while a value below zero reflects a deterioration.
Looking at its components, new orders sharply declined from 7 to -14.2 points, while shipments fell from +3.5 to -7.2 points. Meanwhile, inventories posted a slight increase, rising from +4.8 to +0.9 points.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
Sign up for free to ask the AI about this article.
Growth, inflation and rates across the major economies, with the impact on your business.