equipment and software spending -1 versus non-prior
services expenditure -12 versus -10 prior
6 month of forward expectations
shipments eight versus -7 prior
new orders 14 versus -6 prior
backlog of orders -7 versus -27 prior
employee versus 16 prior
prices paid 4.52 versus 3.96 prior
prices received 2.85 versus 3.72 prior
capital expenditures 4 versus 4 prior
services expenditures -8 versus -15 prior
From the Richmond Fed:
Of its three
component indexes, shipments saw the largest
change, declining notably from -3 in January to
-15 in February. The employment index declined
from -3 to -7 in February, while the new orders
index remained unchanged at -24.
The average growth rate of prices paid remained
nearly unchanged, while the average growth rate
of prices received decreased in February. Firms
expect both to moderate over the next 12 months.