Highlights
Month-to-month change in the manufacturing sector may be very close to leveling out, according to the Philadelphia Fed's business activity index which, at -2.2 in June, shows

 great improvement from prior levels including May's -22.6 reading. Month-to-month contraction in new orders slowed substantially, to -4.8 vs. -25.9 in May. Negative readings indicate continued month-to-month contraction, but readings for June show that contraction is much less severe. Until today's results, this report had been lagging improvement in the ISM national reading for the manufacturing sector. Now both are pointing to steady conditions in the very near future.

But contraction in factory employment remains severe, at -21.8 for this survey vs. -26.8 in May. Employment is is almost certain to lag improvement elsewhere by a significant degree as manufacturers hold off on new hirings until production capacity starts getting squeezed. Shipments actually rose in the month, up 2.1 as more respondents reported a rise in month-to-month shipments than a decline. Destocking is continuing but to a less significant degree, at -15.3 vs. -28.6. Prices continue to contract but at a slower rate, a reflection of increases underway for fuel. Contraction in prices paid slowed to -13.0 vs. -22.8 while contraction in prices received slowed to -16.6 vs. -33.8.

More good news is found in the 6-month outlook where the general business conditions index rose more than 10 points to 60.1. Respondents also see employment picking up six months down the road, to 12.8 vs. 10.0. Equities rose and demand for the safety of Treasuries fell in immediate reaction to the report.

필라델피아 지역의 제조업 경기를 알 수 있는 필라델피아 연준지수가 대폭 개선.

18일 필라델피아 연방은행의 발표에 따르면 6월 필라델피아

연준지수는 전월 마이너스 (-)22.6에서 -2.2로 낙폭이 대폭 줄었다.

흠~ 좋아요 여러분 잠 푹 자시고 주말 잘들 보내세요

이만 시황입니다 변동성이 있으면 다시 글 올립니다.

성투하세요.