- 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:
New Orders 11.7 vs 14.4 prior
Shipments 0.3 vs 9.5 prior
Unfilled Orders -12.9 vs -4.8 prior
Delivery Times -9.9 vs 7.3 prior
Inventories 0.2 vs -8.4 prior
Prices Paid 38.9 vs 46.9 prior
Prices Received 16.7 vs 27.8 prior
Number of Employees -1.3 vs 9.7 prior
Average Employee Workweek -11.6 vs 9.1 prior
Six-months from now indicators:
6 month index 42.8 vs 25.5 prior
Capex index 6-month forward 14.4 vs 30.3 prior
New Orders 54.1 vs 32.9 prior
Shipments 47.4 vs 40.8 prior
Unfilled Orders 21.4 vs 6.6 prior
Delivery Times 26.1 vs -0.4 prior
Inventories 12.4 vs 7.3 prior
Prices Paid 54.1 vs 66.6 prior
Prices Received 50.1 vs 61.8 prior
Number of Employees 14.9 vs 28.8 prior
Average Employee Workweek 27.7 vs 15.0 prior
