Overall, manufacturing conditions strengthened. The composite index for manufacturing moved up to a reading of 7 following last month's reading of 4. The index for shipments gained one point, ending at 3. New orders grew at the same pace as a month ago, with that index finishing at a reading of 5. ...This is the 3rd regional survey released for July (NY and Philly were released last week) and all three surveys were strong this month.
Manufacturing employment strengthened this month, with the index gaining nine points to finish at 13. The average workweek grew at a slower pace this month; moving that gauge down two points to end at 3. Average wages advanced compared to a month ago, ending at 16.
Wednesday:
• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• During the day: The AIA's Architecture Billings Index for June (a leading indicator for commercial real estate).
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.