Economy
Philadelphia Fed Reports Improved Manufacturing Conditions
Written by Sandy Williams
June 18, 2015
Manufacturing conditions in the Philadelphia area improved in June, according to the June Manufacturing Business Outlook Survey published by the Federal Reserve Bank of Philadelphia.
The survey’s indicators for general activity, new orders, and shipments all improved from their readings in May. The headline diffusion index for current activity increased to 15.2 in June from 6.7 in May.
Employment levels increased modestly this month. Survey respondents reported higher prices for inputs and more price increase than decrease for their own manufactured products.
Philadelphia manufacturers are expecting improving conditions during the next six months, in particular for future new orders and shipments. The future employment index was flat, increasing just one point in June. The future capital expenditures index was as its lowest reading since March 2013, falling 9 points this month.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
US sets Section 232 tariffs on trucks and buses
Medium- and heavy-duty trucks (MHDV) and buses imported to the US will start being charged Section 232 tariffs beginning Nov. 1.
AMU: Consumer auto delinquencies: Warning sign for consumer health?
The Consumer Federation of America estimates rising total auto debt at a staggering $1.66 trillion, along with increasing repossessions and a sharp increase in delinquencies.
Beige Book: Regional market growth remains mostly flat
Economic growth in some US regions in September was offset by challenges in others, causing the market to appear largely unchanged overall, according to the Federal Reserve’s latest Beige Book report.
ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.
Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.