- Prior was -8.7
- New orders -16.2 versus -15.6 prior
- Employment +7.1 versus +28.5 prior
- Avg workweek +1.4 vs +10.8 prior
- Capex +6.4 vs +4.4 prior
- Prices paid +35.3 versus +36.3 prior
- Future activity -7.1 vs -14.9 prior
- Delivery times -8.8 vs -12.6 prior
The trend in this index is clear and surveys like this are forward-looking indicators. Everything points to a much-leaner year in manufacturing in 2023 but the question is: Will the service sector and economy follow?
