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The production index for manufacturers reporting an increase in production in June from May was 9 its first foray into positive territorysince August. About 33 percent of companies surveyed said productionwas up, and aboug 22 percent said it was down. The index was at -3 in May and -8 a year ago. Productioh indexes increased for durable andnondurable goods-producint plants. The indexes for shipments, new ordersd and order backlog all increased forthe second-straighy month and emerged from negativee territory. The employment indexz was -10 in 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 index had been negative since August. Inventoriexs for materials and finished goodasremained 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 futur e capital expenditures index fellto -13 in June from -10 in May. The bank said most firmws indicated “some lingering hesitancy on majodr investments due to the only recent pickuoin activity.” The 10th district coversw Western Missouri, Kansas, Colorado, Nebraska, Wyoming and northern New Mexico.
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