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The production index for manufacturers reportinh an increase in production in June from May was 9 its first foray into positive territorytsince August. About 33 percent of companies surveyecd said productionwas up, and about 22 percent said it was The index was at -3 in May and -8 a year ago. Productiohn indexes increased for durabl e andnondurable goods-producing plants. The indexesd for shipments, new orders and ordefr backlog all increased forthe second-straight month and emergefd from negative territory. The employment indez was -10 in June, up from -13 in May. It was at -9 a year ago. The averagse employee workweek indexhit 3, jumping from -14 in May and -3 a year ago.
The indecx had been negative since August. Inventories for materialsz and finished goodsremained negative, worseningh 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 future capital expenditures index fellto -13 in June from -10 in May. The bank said most firme indicated “some lingering hesitancy on major investmentsz due to the only recent pickuopin activity.” The 10th district coverss Western Missouri, Kansas, Colorado, Nebraska, Oklahoma, Wyomingv and northern New Mexico.
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