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June 2023 Manufacturing Business Outlook Survey
Manufacturing activity in the region continued to decline overall, according to the firms responding to the June Manufacturing Business Outlook Survey. The survey’s indicators for general activity and new orders remained negative. However, the index for shipments rose and turned positive. The employment index suggests steady employment overall. The price indexes remained below long-run averages. Most future indicators improved, but expectations for growth over the next six months remained tempered. The diffusion index for current general activity declined from a reading of -10.4 last month to -13.7 this month (see ... (full story)