FX.co ★ New York Manufacturing Activity Surges in July

The New York Fed’s Empire State Manufacturing Index climbed 10 points to 15.6 in July 2026, indicating a notable acceleration in business activity across New York State. New orders and shipments posted robust gains, while unfilled orders increased and delivery times lengthened further, reflecting ongoing capacity strains. Supply availability continued to worsen. Employment grew at a solid pace, and the average workweek ticked up. Input and selling prices remained elevated, though cost pressures eased slightly. Overall, firms remained optimistic about business conditions in the months ahead.