2026.06.1512:30:00UTC+00New York Factory Growth Cools Sharply as Empire State Index Slides in June

Manufacturing activity in New York state slowed markedly in June, with the NY Empire State Manufacturing Index dropping to 5.70 from May’s strong reading of 19.60.

The latest figure, reflecting conditions in June 2026 and updated on 15 June 2026, points to a significant loss of momentum in the sector, though the index remains in positive territory. That suggests factory activity is still expanding, but at a much more moderate pace than in the previous month.

The sharp pullback from May’s level, which had signaled robust growth, may raise questions about the durability of manufacturing strength in the United States as the second half of 2026 approaches, and will likely be watched closely by investors and policymakers monitoring the health of the broader economy.