"Indicators Reflect Continued Weakening
The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased slightly, from -15.6 in May to -17.1 this month. The index has now been negative for seven consecutive months. Forty-two percent of the firms reported no change in activity from May, but the percentage of firms reporting decreases (34 percent) was twice as large as the percentage reporting increases (17 percent). Other broad indicators also declined this month. The survey’s new orders index remained negative and decreased nine points. The current shipments index also decreased nine points, falling from 2.2 in May to -6.7 this month. Indexes for unfilled orders and delivery times remained negative this month, suggesting continued weakness.
Indicators for employment and hours worked were consistent with the decline in the other broad indicators. The current employment index declined from -1.0 to -6.9, its fifth negative reading in six months. The percentage of firms reporting a decrease in employment (26 percent) exceeded the percentage reporting an increase (19 percent). Edging three points lower, the average workweek index remained negative for the sixth consecutive month."
hier kann man es nachlesen: www.philadelphiafed.org/files/bos/bos0608.html
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