- Prior was +12.6
Manufacturing activity in the region expanded overall this month, according to the firms responding to the February Manufacturing Business Outlook Survey. The current general activity and new orders indexes remained somewhat elevated; however, the shipments index declined to a near-zero reading. The employment index suggests mostly steady employment overall but dipped into negative territory. Both price indexes continued to suggest overall price increases. Expectations for growth over the next six months were more widespread.
Details:
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New Orders 11.7 vs 14.4 prior
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Shipments 0.3 vs 9.5 prior
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Unfilled Orders -12.9 vs -4.8 prior
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Delivery Times -9.9 vs 7.3 prior
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Inventories 0.2 vs -8.4 prior
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Prices Paid 38.9 vs 46.9 prior
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Prices Received 16.7 vs 27.8 prior
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Number of Employees -1.3 vs 9.7 prior
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Average Employee Workweek -11.6 vs 9.1 prior
Six-months from now indicators:
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6 month index 42.8 vs 25.5 prior
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Capex index 6-month forward 14.4 vs 30.3 prior
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New Orders 54.1 vs 32.9 prior
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Shipments 47.4 vs 40.8 prior
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Unfilled Orders 21.4 vs 6.6
prior -
Delivery Times 26.1 vs -0.4 prior
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Inventories 12.4 vs 7.3 prior
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Prices Paid 54.1 vs 66.6 prior
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Prices Received 50.1 vs 61.8 prior
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Number of Employees 14.9 vs 28.8 prior
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Average Employee Workweek 27.7 vs 15.0 prior
This article was written by Giuseppe Dellamotta at investinglive.com.