Prior month was -4.0
Details:
New Orders 18.4 vs 2.3 last month Shipments 23.7 vs 8.3 last monthUnfilled orders 5.7 vs 9.3 last monthDelivery time -4.7 vs 13.6 last monthInventories -1.3 vs 3.6 last monthPrices paid 58.8 vs 41.4 last monthPrices received 34.8 vs 29.5 last monthNumber of employees 10.3 vs -9.8 last monthAverage workweek 0.4 vs -1.6 last month
This is a volatile and rarely market moving indicator. All three indexes recorded their highest readings since February. The
employment index turned positive, suggesting overall increases in
employment. Both price indexes rose after declining last month and
continue to suggest overall price increases. The future activity
indicators suggest that the firms continue to expect growth over the
next six months.
This article was written by Giuseppe Dellamotta at www.forexlive.com.