États-Unis : L'Indice Empire State Manufacturing

The NY Empire State Manufacturing Index tumbled to -12.6 in January 2025 from 2.1 in December, missing forecasts of 3 and marking a return to contraction for New York state’s manufacturing activity at the steepest rate since May 2024. The new orders index dropped thirteen points to -8.6, signaling a modest decline in orders, while the shipments index fell eleven points to -1.7, suggesting little change in shipments. Unfilled orders continued to decline. The inventories index remained positive at 5.8, indicating inventory growth. The delivery times index stood at 3.5, suggesting slightly longer delivery times, while the supply availability index was unchanged at zero, signaling stable supply availability. Labor market indicators pointed to steady employment levels but a shorter average workweek. Both input and selling price inflation picked up, but remained subdued overall. Lastly, firms grew more optimistic that conditions would improve in the months ahead.