- Prior was -10
- Services +9 vs -8 prior
- Manufacturing shipments -2 vs -13 prior
This is a nice bounce and the zero reading on the headline is the best since February 2025.
Current Conditions:
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Shipments: -2 vs -13 prior
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New Orders: +4 vs -9 prior
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Employment: -2 vs -7 prior
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Backlog of Orders: -10 vs -14 prior
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Capacity Utilization: -5 vs -12 prior
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Vendor Lead Time: +13 vs -1 prior
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Local Business Conditions: -5 vs -15 prior
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Capital Expenditures: -6 vs -5 prior
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Finished Goods Inventories: +5 vs +7 prior
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Raw Materials Inventories: +4 vs +11 prior
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Equipment & Software Spending: -8 vs -8 prior
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Services Expenditures: -14 vs -20 prior
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Wages: +14 vs +18 prior
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Availability of Skills Needed: -12 vs -15 prior
Price Trends (12-month % change):
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Prices Paid: 6.11% vs 6.52% prior
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Prices Received: 4.85% vs 4.25% prior
New orders flipped positive for the first time in recent months. Vendor lead times surged, suggesting potential supply-side tightening. Services spending remains deeply negative. Firms still expect price growth to moderate over the next 12 months, though prices received accelerated in March.
This article was written by Adam Button at investinglive.com.
