FX.co ★ NY Manufacturing Activity Rebounds

In January 2026, the NY Empire State Manufacturing Index in the US notably increased to 7.7 from December's revised figure of -3.7, surpassing expectations set at 1. This indicates a modest rise in business activity within New York state, attributed to the rise in new orders, which climbed to 6.6 from -1, and a robust growth in shipments, which reached 16.3 from -5. Delivery times held steady at 0.0 compared to the previous -5.9, while inventories slightly decreased to -2.1 from 4. On the supply side, availability saw a slight decline, moving from -6.9 to -4.1. Both employment and the average workweek experienced a downturn, falling to -9 from -7.5, and -5.4 from 2.5, respectively, following a prior period of growth. Input price increases remained largely unchanged, maintaining a high level at 42.8 compared to 44.2, whereas the increase in selling prices slowed to its lowest rate in nearly a year, at 14.4 from 25.4. In terms of investment, capital spending plans experienced modest growth for the third month in a row, reaching 10.3 from 6.9. Looking ahead, firms appeared cautiously optimistic, with half of the respondents anticipating improved conditions over the next six months.