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June 2022 Manufacturing Business Outlook Survey

From philadelphiafed.org

Manufacturing activity in the region weakened, according to the firms responding to the June Manufacturing Business Outlook Survey. The indicators for current activity and new orders turned negative, and the shipments index also declined but remained positive. However, the firms reported continued increases in employment. Both price indexes declined but remained elevated. Expectations for growth over the next six months deteriorated, as the future general activity, new orders, and shipment indexes fell sharply. The diffusion index for current general activity declined for the third consecutive month, falling 6 points ... (full story)

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