Prior month 16
- Prior month came in higher than expected when released (16 vs 5 estimate).
- Manufacturing shipments +2 versus +12 and February
- Services revenue index +5 versus +17 in February
- The fall came from drops in both the shipments and new orders indexes, but the third component, employment, increased. Firms were optimistic, expecting conditions to improve in the coming months.
- number of employees 23 versus 15 last month
- wages 33 versus 29 last month
- new orders 9 versus 19 last month
- backlog of orders -13 versus -7 last month
- capacity utilization 1 versus 8 last month
- vendor leadtime 7 versus 4 last month
- local business condition 12 versus 4 last month
- capital expenditures 6 versus 8 last month
- finished goods inventory 17 versus 14 last month
- raw materials inventories 25 versus 22 last month
- equipment and software 15 versus 12 last month
- services expenditure -4 versus -4 last month
