Inventory levels stabilized after two months of decline, with the inventories index rising to 0.0. Delivery times and supply availability remained relatively stable, indicating a potential easing of supply chain pressures that have plagued manufacturers in recent years.
Labor Market and Pricing Trends
Despite the overall positive momentum, labor market conditions remained soft. The employment index stood at -5.7, suggesting continued modest reductions in workforce. However, the average workweek index recovered to 2.9, indicating a slight increase in hours worked.
Pricing pressures showed little change, with the prices paid index at 23.2 and the prices received index holding steady at a low 7.4. This stability in pricing could have implications for inflation expectations and monetary policy decisions.
Future Outlook and Capital Spending
Optimism among manufacturers…
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