- Prior was +41.4
Details:
- New orders 30.1 versus 37.0 last month
- Shipments 27.7 versus 33.7 last month
- Unfilled orders 14.4 versus 18.1 last month
- Delivery times 3.7 versus 9.6 last month
- Inventories -3.7 versus 0.3 last month
- Prices paid 40.9 versus 53.9 last month
- Prices received 17.7 versus 27.4 last month
- Number of employees 27.9 versus 10.0 last month
- Average employee workweek 26.5 versus 14.0 last month
Six-months from now indicators:
- 6 month index 73.6 vs 34.4 last month
- Capex index 6-month forward 48.2 versus 30.1 last month
- New orders 66.0 versus 35.1 last month
- Shipments 63.5 versus 39.3 last month
- Unfilled orders 8.5 versus 20.9 last month
- Delivery times 0.0 versus 9.3 last month
- Inventories 17.4 versus 12.5 last month
- Prices paid 62.9 versus 56.7 last month
- Prices received 59.8 versus 41.4 last month
- Number of employees 35.4 versus 29.5 last month
- Average employee workweek 21.4 versus 12.0 last month
Manufacturing activity in the region continued to expand overall. The survey’s indicator for general activity rose to a five-year high. The new orders and shipments indexes moved lower but remained elevated. The employment index rose, continuing to suggest overall gains in employment. Both price indexes declined this month but remained elevated. Most future indicators jumped higher this month, suggesting widespread expectations for overall growth over the next six months.
This article was written by Giuseppe Dellamotta at investinglive.com.