Prior month was -4.0
Details:
New Orders 2.3 vs 7.5 last month Shipments 8.3 vs -13.0 last monthUnfilled orders 9.3 vs 4.9 last monthDelivery time 13.6 vs -9.2 last monthInventories 3.6 vs 9.7 last monthPrices paid 41.4 vs 59.8 last monthPrices received 29.5 vs 43.6 last monthNumber of employees -9.8 vs 16.5 last monthAverage workweek xx vs 2.0 last month
A bit of a setback this month, especially on the future activity side. The diffusion index for future general activity fell 29 points to 18.3 in June after rising 40 points last month.
This is a volatile indicator but on face value it’s a disappointment after the strong rebound last month.
This article was written by Giuseppe Dellamotta at www.forexlive.com.