Research >> Economics
Kansas City Fed Manufacturing activity showed signs of a rebound
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Tenth District manufacturing activity showed signs of a rebound in June, and firms’ expectations for future factory activity were generally positive. Price indexes in the survey edged up slightly after months of decline.
The net percentage of firms reporting month-over-month increases in production in June was 9, up from -3 in May and -6 in April (Tables 1 & 2, Chart). Production indexes, positive for the first time in 10 months, increased at both durable and non-durable-goods producing plants. Most other month-over-month indexes climbed higher and several also moved into positive territory. The shipments, new orders, and order backlog indexes all increased for the second straight month. The employment index edged up from -13 to -10, and the employee workweek index also improved considerably. Both inventory indexes dropped after increasing last month, though over half of all firms indicated general satisfaction with their inventory levels.
Posted: June 25, 2009 Thursday 11:00 AM