(CercleFinance.com) – Manufacturing activity in the Philadelphia area fell in June, with current activity indicators dropping 6 points, now entering negative territory, at -3.3, a first since May 2020.
The new orders indicator fell 35 points to -12.4. Also at half mast, the shipments index lost 25 points, but remained positive at 10.8.
On the other hand, the companies questioned declare improvements in terms of employment, the index in question going from 25.5 to 28.1.
Nonetheless, expectations for growth over the next six months have deteriorated, along with falling projections for future business, new orders and shipment levels.
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