- Prior was -1.20
- new orders 6.2 vs. 5.3 last month
- prices paid 64.3 vs. 78.6 last month
- employment 18.0 vs. 19.0 last month
- shipments 25.3 vs. 4.0 last month
- unfilled orders -5.2 vs. -4.3 last month
- delivery time 8.7 vs. 14.5 last month
- inventory 14.8 vs. 17.1 last month
- prices received 31.3 vs. 43.6 last month
- average employee workweek 4.3 vs. 6.4 last month
- Six month conditions -6.2 vs +14.0 last month
- Six month new orders 0.0 vs +13.5 last month
- Six month prices paid +43.5 vs +69.2 -- second largest decline on record.
This report for me is at least as interesting as today's retail sales data. It hints at a re-acceleration in factories along with a dip in prices. Could there be hidden inventory-restocking demand out there waiting for shorter lead times? The fall in inflation expectations six months out is certainly notable and indicates falling prices.
