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The production index for manufacturerds reporting an increase in production in June from May was 9 its first foray into positive territorysinced August. About 33 percent of companiex surveyed said productionwas up, and about 22 perceng said it was down. The index was at -3 in May and -8 a year ago. Productiojn indexes increased for durable andnondurablew goods-producing plants. The indexes for new orders and order backloyg all increased forthe second-straight 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 averagr employee workweek indexhit 3, jumping from -14 in May and -3 a year ago.
The indexc had been negative since August. Inventories for materialse and finished goodsremained negative, worseninhg from May to June and from last year. The future-productio outlook index reached 13, up from 1 in May and down from 17 ayear ago. The futuree capital expenditures index fellto -13 in June from -10 in May. The bank said most firme indicated “some lingering hesitancy on major investments due to the only recentg pickupin activity.” The 10th district covers Western Missouri, Colorado, Nebraska, Oklahoma, Wyoming and northern New Mexico.
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