Prior was +4.5Employment: -2.5 vs -10.7 priorNew orders: -2.2 vs +12.2 priorPrices paid: +22.5 vs +23.0 priorPrices received: vs +5.5 priorShipments: vs +19.1 priorUnfilled orders: vs +0.8 priorDelivery times: vs -9.4 priorInventories: vs -8.9 priorAvg employee workweek: vs -18.7 prior
The prior reading was a jump to a two-year high so a retracement here isn’t a big surprise or a sign of a weakening economy. However the prices paid number is starting to heat up.
Look-ahead indexes:
Six month index: +13.8 vs +34.3 priorEmployment: +19.0 vs +12.8 priorNew orders: +16.2 vs +42.8 priorShipments: -0.1 vs +29.3 priorPrices paid: +56.3 vs +54.5 priorPrices received: +58.8 vs +31.4 prior
This article was written by Adam Button at www.forexlive.com.
