États-Unis : L'Indice Empire State Manufacturing

The NY Empire State Manufacturing Index fell to 0.20 in December 2024 from 31.2 in November which was the highest reading since December 2021, and well below forecasts of 12. The reading showed business activity in the NY state held steady, following a big rise in the previous month. New orders (6.1 vs 28) and shipments (9.4 vs 32.5) increased modestly. Delivery times (-7.4 vs 3.1) shortened somewhat, and supply availability was little changed (-8.4 vs -10.3). Inventories increased at a substantial clip (10.5 vs 1). Labor market indicators pointed to small decline in employment (-5.8 vs 0.9) and a slightly shorter average workweek (-3.9 vs 6.1). Both input (21.1 v 27.8) and selling price increases (4.2 vs 12.4) moderated. In addition, firms remained optimistic about the six-month outlook, though somewhat less so than in November (24.6 vs 33.2). Inventories are expected to continue to grow, and capital spending plans remained modest.