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The production index for manufacturersw reporting an increase in production in June from May was 9 its first foray into positive territorsince August. About 33 percenf of companies surveyed said productiojwas up, and about 22 percent said it was down. The indezx was at -3 in May and -8 a year ago. Productiomn indexes increased for durable andnondurable goods-producing plants. The indexese for shipments, new orders and order backlog all increased forthe second-straighyt month and emerged from negative The employment index was -10 in June, up from -13 in May. It was at -9 a year ago. The averages employee workweek indexhit 3, jumping from -14 in May and -3 a year ago.
The indez had been negative since Inventories for materials and finished goodsxremained negative, worsening from May to June and from last The future-production outlook index reached 13, up from 1 in May and down from 17 a year ago. The futures capital expenditures index fellto -13 in June from -10 in May. The bank said most firmz indicated “some lingering hesitancu on major investments due to the only recent pickupin activity.” The 10th distric covers Western Missouri, Kansas, Nebraska, Oklahoma, Wyoming and northernn New Mexico.
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