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New York Manufacturing Expands at Its Fastest Pace Since 2022 as Lead Times and Costs Rise
May 18, 2026Manufacturing activity in New York state expanded in May, with the headline business conditions index rising 8.6 points to 19.6, the highest reading since April 2022. The new orders index increased 3.4 points to 22.7, while the shipments index declined 1.3 points to 18.9, both remaining at high rates of growth for the second consecutive…
Import and Export Prices Climb Sharply as Costs Rise Broadly
May 18, 2026U.S. import prices increased 1.9% in April, after rising 0.9% in March, with higher fuel and nonfuel prices driving the increase. Over the year, import prices advanced 4.2% in April, the largest 12-month increase since October 2022. Meanwhile, U.S. export prices stepped up 3.3% in April, driven by higher prices for nonagricultural and agricultural exports.
Industrial Output Rebounds, Led by Transit Equipment, Natural Gas and Autos
May 18, 2026Industrial production rose 0.7% in April, while manufacturing output advanced 0.6% after ticking up 0.1% in March. At 97.9% of its 2017 average, manufacturing production increased 1.3% from April 2025. Capacity utilization for manufacturing was 75.8%, up 0.4 percentage points from March and 1.1% over the past year. Capacity utilization remained 2.4 percentage points below…
Producer Prices Spike as Gasoline and Services Push Wholesale Inflation Higher
May 18, 2026The Producer Price Index for final demand (also known as wholesale prices) rose 1.4% over the month in April, up from the 0.7% increase in March. Over the year, producer prices jumped 6.0%, up from 4.3% in March and the largest 12-month increase since December 2022. Meanwhile, prices for final demand excluding foods, energy and…
Inflation Heats Up Amid Rising Energy Costs
May 18, 2026In April, consumer prices increased 0.6% from March and 3.8% over the year, up from the 3.3% annual rise in March and the greatest over-the-year increase since May 2023. Core CPI, which excludes more volatile energy and food prices, rose 0.4% from March and 2.8% over the year, up slightly from the 2.6% 12-month increase…
Q&A with Rep. Carol Miller on Tax Certainty
May 12, 2026NAM: Rep. Miller, H.R. 1 has been signed into law, preserving the 21% corporate tax rate established by the 2017 Tax Cuts and Jobs Act. As the leader of the House Ways and Means Supply Chain Tax Team leading up to the bill’s passage, what does preserving this rate on a permanent basis mean for…
Global Factory Activity Advances as Output Growth Quickens
May 11, 2026In April, growth in global manufacturing activity strengthened from March, increasing from 51.3 to 52.6. Output and new orders both grew as the rate of manufacturing production growth hit a nearly five-year high. Meanwhile, lead times continued to slow, lengthening to the greatest extent since August 2022. Employment declined slightly for the second consecutive month…
