The New York Empire State Manufacturing Index fell to -8.7 in September 2025, the lowest in three months, compared to 11.9 in August and forecasts of 5. The reading showed manufacturing activity declined modestly in New York State, as new orders (-19.6 vs 15.4) and shipments (-17.3 vs 12.2) fell sharply. Also, delivery times were steady (0.0 vs 17.4), and unfilled orders worsened somewhat (-6.9 vs -5.5). Inventories edged lower for a second consecutive month (-4.9 vs -6.4) and employment held steady (-1.2 vs 4.4), while the average workweek declined modestly (-5.1 vs 0.2). On the price front, input price increases remained elevated (46.1 vs 54.1) while selling price increases remained moderate (21.6 vs 22.9). "Optimism about the outlook remained muted and employment levels are expected to be flat over the next six months", according to Richard Deitz, Economic Research Advisor at the New York Fed.
作者：Joana Taborda，文章来源tradingeconomics，版权归原作者所有，如有侵权请联系本人删除。
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