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20 July, 2019 00:00 00 AM
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US regional manufacturing improves in July: Survey

Xinhua, Houston

US Federal Reserve Bank of Philadelphia on Thursday reported improved regional manufacturing conditions in July.

The diffusion index for current general activity more than recovered from its decline last month, increasing from 0.3 in June to 21.8 this month. The indexes for current shipments and new orders also improved this month. The current new orders index increased 11 points, while the shipments index increased 8 points, according to its July Manufacturing Business Outlook Survey.

The survey showed that the firms reported increases in manufacturing employment and longer workweeks this month. The current employment index increased 15 points to 30.0, its highest reading since October 2017. The average workweek index also increased 16 points, hitting its highest reading in 14 months.

The prices paid and prices received indexes both increased this month but remained well below their readings over the past few years. The current prices received index, reflecting the manufacturers’ own prices, increased 9 points to a reading of 9.5. The prices paid diffusion index increased 3 points to 16.1.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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