May 2024 Manufacturing Business Outlook Survey

From philadelphiafed.org

Manufacturing activity in the region weakened overall, according to the firms responding to the May Manufacturing Business Outlook Survey. The survey’s indicators for current general activity, new orders, and shipments all declined, with the latter two turning negative. The employment index suggests declines in employment overall. Both price indexes indicate overall increases in prices but remain below their long-run averages. The firms continue to expect growth over the next six months. The diffusion index for current general activity remained positive but declined 11 points to 4.5 in May, mostly undoing its ... (full story)