Historical Year Data · 2025

Empire State Manufacturing Index in 2025

Empire State Manufacturing Index opened 2025 at -7.40 and closed at -3.70, a +50.00% move for the year. The high of 13.50 was reached on November 1, and the low of -15.70 on March 1.

Open

-7.40

2025-01

-3.70

12 data points

High

13.50

Nov 1

Low

-15.70

Mar 1

Full Year Change

+50.00%

2024 Change

+107.41%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	-7.40	-7.40	-7.40	-7.40	+0.00%
Feb	4.30	4.30	4.30	4.30	+0.00%
Mar	-15.70	-15.70	-15.70	-15.70	+0.00%
Apr	-8.60	-8.60	-8.60	-8.60	+0.00%
May	-6.90	-6.90	-6.90	-6.90	+0.00%
Jun	-14.90	-14.90	-14.90	-14.90	+0.00%
Jul	3.10	3.10	3.10	3.10	+0.00%
Aug	9.10	9.10	9.10	9.10	+0.00%
Sep	-7.00	-7.00	-7.00	-7.00	+0.00%
Oct	7.80	7.80	7.80	7.80	+0.00%
Nov	13.50	13.50	13.50	13.50	+0.00%
Dec	-3.70	-3.70	-3.70	-3.70	+0.00%

Events During 2025

2025 US Tariff Shock

Stagflation

February – April 2025

The Trump administration imposed reciprocal tariffs averaging 25% on most trading partners in February-April 2025. Markets priced the most aggressive trade policy shift since 1930, with ripple effects across currencies, bond yields, and supply chains.

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