New York Manufacturing Activity Surges in July, Empire State Index Jumps

The New York Fed's Empire State Manufacturing Index significantly increased by 10 points to 15.6 in July 2026, indicating a notable pickup in business activity across New York State. This surge was driven by strong growth in new orders and shipments, while unfilled orders also rose and delivery times lengthened. Employment saw solid growth, and input and selling price increases remained elevated but showed a slight moderation.