-
Manufacturing Business Outlook Survey
Manufacturing activity in the region continued to expand this month, according to firms responding to the July Manufacturing Business Outlook Survey. The indicatorsfor general activity,shipments, and new orders all declined but remain elevated. The firms continued to report increases in employment and prices. Most of the survey’s future indexestempered but continue to indicate overall optimism about growth over the next six months. The diffusion index for current manufacturing activity fell from a reading of 30.7 in June to 21.9 this month (see Chart 1). Thirty-three percent of the firms reported increases in ... (full story)