15.06.202612:39:18UTC+00New York Manufacturing Growth Slows in June

The New York Fed’s Empire State Manufacturing Index declined to 5.7 in June 2026, down from 19.6 in May and significantly below market expectations of 14, signaling a clear loss of momentum in regional manufacturing activity, according to respondents to the Empire State Manufacturing Survey. Despite the weaker headline figure, several key components continued to point to expansion. Both new orders and shipments increased, and unfilled orders also rose. At the same time, supply chain strains persisted: delivery times lengthened further, and the availability of inputs continued to deteriorate. Labor market conditions remained solid, with employment growing for the fifth straight month and the average workweek expanding as well. Inflationary pressures stayed elevated, as firms continued to report robust increases in both input and selling prices. Looking ahead, firms remained generally optimistic about business conditions over the coming months, even as they anticipated a near-term moderation in activity.