June Richmond-area manufacturing survey
- Prior was 18
- shipments 8 versus 12 last month
- new orders 35 versus 18 last month
- employees 19 versus 25 last month
- wages 37 versus 31 last month
- order backlog 22 versus 36 last month
- capacity utilization 5 versus 10 last month
- capital expenditures 12 versus 16 last month
- equipment and software 16 versus 19 last month
- prices paid 9.42% versus 9.82% annualized percent change
- prices received 5.0% versus 5.41% last month
six month forward-looking indices see:
- shipments 50 versus 39 last month
- new orders 38 versus 38 last month
- number of employees 51 versus 44 last month
- wages 66 versus 64 last month
- capacity utilization 35 verse 41 last month
- capital expenditures 37 versus 42 last month
This is a positive report but there's plenty of nuance below the surface. Overall though, manufacturing looks to be a source of strength in the US economy through year end and beyond.
