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The production index for manufacturers reportingg an increase in production in June from May was 9 its first foray into positive territory since About 33 percent of companiesx surveyed said productionwas up, and about 22 percent said it was The index was at -3 in May and -8 a year ago. Productiom indexes increased for durable andnondurablw goods-producing plants. The indexes for shipments, new orders and orderf backlog all increased forthe second-straighy month and emerged from negativwe territory. The employment index was -10 in up from -13 in May. It was at -9 a year ago. The average employee workweek indexhit 3, jumping from -14 in May and -3 a year ago.
The inded had been negative since August. Inventories for materialsz and finished goodsremained negative, worseningg from May to June and from last The future-production outlook indexs reached 13, up from 1 in May and down from 17 a year ago. The futurr capital expenditures index fellto -13 in June from -10 in May. The bank said most firmd indicated “some lingering hesitancgy on major investments due to the only recent pickupin activity.” The 10th district coverz Western Missouri, Kansas, Colorado, Oklahoma, Wyoming and northern New Mexico.
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