Empire State Manufacturing Index - Prices Paid

Indicator History

History of Event Dates
Event Date Time For
Period
Currency Actual Forecast
What is this indicator?

The Empire State Manufacturing Index - Prices Paid is a sub-index of the Empire State Manufacturing Index, which is a monthly survey conducted by the Federal Reserve Bank of New York to assess the health of the manufacturing sector in the state of New York. The Prices Paid sub-index specifically measures the changes in the prices of raw materials and other inputs purchased by manufacturers in the region.


Why is it important?

The Prices Paid sub-index is important because it provides valuable information on inflationary pressures within the manufacturing sector, which can have broader implications for the overall economy. Rising prices for raw materials and other inputs can increase production costs for manufacturers, which may lead to higher prices for consumers. Conversely, falling prices may indicate weaker demand for goods and services, which could be a sign of broader economic weakness. In addition to providing insights into inflationary pressures, the Prices Paid sub-index can also provide information on supply chain disruptions and other factors that may impact manufacturing operations. As such, it is closely watched by policymakers, economists, and investors as a key indicator of economic activity and inflationary pressures within the manufacturing sector.

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