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August 2023 Manufacturing Business Outlook Survey
Manufacturing activity in the region expanded overall, according to the firms responding to the August Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments were all positive for the first time since May 2022. However, the firms reported a decline in employment, on balance. The price indexes remained near long-run averages. Expectations for growth over the next six months were less widespread, as most of the survey’s future indexes remained positive but declined. The diffusion index for current general activity rose from a reading of -13.5 last month to ... (full story)