-
-
-
The mission of the Applied Macroeconomics and Econometrics Center (AMEC) is to provide intellectual leadership in the central banking community in the fields of macro and applied econometrics.
The Center for Microeconomic Data offers wide-ranging data and analysis on the finances and economic expectations of U.S. households.
The monthly Empire State Manufacturing Survey tracks the sentiment of New York State manufacturing executives regarding business conditions.
This ongoing Liberty Street Economics series analyzes disparities in economic and policy outcomes by race, gender, age, region, income, and other factors.
-
-
-
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
-
-
-
The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
-
-
-
We are connecting emerging solutions with funding in three areas—health, household financial stability, and climate—to improve life for underserved communities. Learn more by reading our strategy.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
-
The monthly survey of manufacturers in New York State conducted by the Federal Reserve Bank of New York.
Note: Survey responses were collected between November 2 and November 9.
Download the full report 
Business activity edged slightly higher in New York State, according to firms responding to the November 2022 Empire State Manufacturing Survey. The headline general business conditions index climbed fourteen points to 4.5. New orders decreased slightly, while shipments expanded modestly. Delivery times were little changed, and inventories grew significantly. Labor market indicators pointed to a solid increase in employment and a longer average workweek. Input prices increased at about the same pace as last month, while selling price increases picked up. Looking ahead, firms expect business conditions to worsen over the next six months.
Manufacturing activity grew slightly in New York State, according to the November survey. The general business conditions index rose fourteen points to 4.5, its first positive reading since July. Thirty-three percent of respondents reported that conditions had improved over the month, and twenty-nine percent reported that conditions had worsened. The new orders index slipped seven points to -3.3, pointing to a small decline in orders, while the shipments index increased eight points to 8.0, indicating that shipments increased. The unfilled orders index moved down to -6.8, a sign that unfilled orders were slightly lower. The delivery times index came in at 2.9, indicating delivery times were little changed. The inventories index rose twelve points to 16.5, pointing to rising inventories.
The index for number of employees climbed five points to 12.2, pointing to an increase in employment levels. The average workweek index edged up to 6.9, signaling a small increase in hours worked. The prices paid index was little changed at 50.5, suggesting that input prices increased at about the same pace as last month, while the prices received index rose four points to 27.2, pointing to a small pickup in selling price increases.
The index for future business conditions fell four points to -6.1, indicating that on net firms expect conditions to worsen over the next six months. The indexes for future new orders and shipments fell into negative territory, though employment is expected to continue to increase. Modest increases in capital spending and technology spending are planned for the months ahead.
Tech help: nyrsf.webteam@ny.frb.org
Questions about survey/data: richard.deitz@ny.frb.org or (716) 849-5025; jason.bram@ny.frb.org or (212) 720-5651
2022
|
JAN
|
FEB
|
MAR
|
APR
|
|
18 report
|
15 report
|
15 report
|
15 report
|
|
MAY
|
JUN
|
JUL
|
AUG
|
|
16 report
|
15 report
|
15 report
|
15 report
|
|
SEP
|
OCT
|
NOV
|
DEC
|
|
15 report
|
17 report
|
15 report
|
15
|
2023
|
JAN
|
FEB
|
MAR
|
APR
|
|
17
|
15
|
15
|
17
|
|
MAY
|
JUN
|
JUL
|
AUG
|
|
15
|
15
|
17
|
15
|
|
SEP
|
OCT
|
NOV
|
DEC
|
|
15
|
16
|
15
|
15
|
Latest Report including charts of diffusion indexes
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. April 2002 is the first report, although survey data date back to July 2001.
The survey is sent on the first day of each month to the same pool of about 200 manufacturing executives in New York State, typically the president or CEO. About 100 responses are received. Most are completed by the tenth, although surveys are accepted until the fifteenth.
For demonstration only:
Sample
survey 1 page / 44 kb
Respondents come from a wide range of industries from across the New York State. No one industry dominates the respondent pool.
The survey's main index, general business conditions, is not a weighted average of other indicators—it is a distinct question posed on the survey. Each index is seasonally adjusted when stable seasonality is detected.
Revisions
Each January, all data undergo a benchmark revision
to reflect new seasonal factors.
Seasonal Adjustment
The Empire State Manufacturing Survey seasonally adjusts data based on the Census X-12 additive procedure utilizing a logistic transformation.
The "increase" and "decrease" percentage components of the diffusion indexes are each tested for seasonality separately and adjusted accordingly if such patterns exist. If no seasonality is detected, the component is left unadjusted. The "no change" component contains the residual, computed by subtracting the (adjusted) increase and decrease from 100. Seasonal factors are forecast in December for the upcoming year.
Data are adjusted using a logistic transformation. The not-seasonally adjusted series, expressed in decimal form (referred to as "p"), is transformed using the following equation:
X = log(p/(1-p))
The seasonal factor is then subtracted from X:
adjX = X - seasonal factor
The result is then transformed using the following equation:
SA Series = exponential(adjX)/(1+exponential(adjX))
To view the Seasonal Factors data, please click on the “Data & Charts” tab.
Data definitions
1 page / 15 kb
Contacts
Tech help: nyrsf.webteam@ny.frb.org
Questions about survey/data: richard.deitz@ny.frb.org or (716) 849-5025; jason.bram@ny.frb.org or (212) 720-5651
