He New York Manufacturing Empire Index has improved 11.9 points in April, standing at -8.1 From March 20, its best result in two months. The data improves market expectations, since an improvement less than -14.5 points was expected.
According to the statement, commercial activity decreased slightly in the state of New York in April, according to companies that responded to the Empire State Manufacturing Survey. After a strong fall last month, the general index of commercial conditions rose almost twelve points. New orders and shipments decreased slightly. The delivery deadlines were stable and the availability of supply worsened. The inventories continued to increase.
“After a strong fall last month, commercial activity continued to be slightly in the state of New York in April. The increase in supplies and sales prices was accelerated to the fastest rate in more than two years. Companies were pessimistic about the perspectives for the first time since 2022,” he says Richard Deitz, economic research advisor to the New York Federal Reserve.
Dollar reaction
The US dollar index (DXY) has improved after the publication, rising to the 99.80 area, where it now wins 0.10% in the day.
Economic indicator
Manufacturing Empire Index
This index is based on a survey of New York industrialists conducted by the New York Bank Federal Reserve. It shows the movement of the industrial sector in the United States. A better result than expected represents a bullish scenario for the dollar while a worse result that consensus represents a bearish scenario.
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Last publication:
Mar ABR 15, 2025 12:30
Frequency:
Monthly
Current:
-8.1
Dear:
-14.5
Previous:
-20
Fountain:
Federal Reserve Bank of New York
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
