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Other measures of current manufacturing activity reflected continued contraction in May. The new orders index held steady at -14.1, and the growth rate of orders index held steady at -15.2, marking the fifth and seventh negative reading in a row for these indexes. The capacity utilization index edged down to -11.6. The shipments index fell nearly 8 points to -13.2, with more than 30 percent of firms noting lower shipment volumes in May than in April.
Perceptions of broader business conditions worsened further this month. The general business activity index fell to -20.8 in May, its lowest reading since June 2009. The company outlook index moved down to -10.5, also hitting a low not seen since summer 2009.
Labor market indicators reflected employment declines and shorter workweeks. The May employment index declined 10 points to -8.2, after rebounding slightly above zero last month. Twelve percent of firms reported net hiring, compared with 21 percent reporting net layoffs. The hours worked index fell from -5 to -11.6.
originally posted by: AugustusMasonicus
a reply to: charolais
Your math is off, it is 70 per plant.
originally posted by: quercusrex
Here something from the Dallas Federal Reserve that shines a little light on how things are going down here.
Other measures of current manufacturing activity reflected continued contraction in May. The new orders index held steady at -14.1, and the growth rate of orders index held steady at -15.2, marking the fifth and seventh negative reading in a row for these indexes. The capacity utilization index edged down to -11.6. The shipments index fell nearly 8 points to -13.2, with more than 30 percent of firms noting lower shipment volumes in May than in April.
Perceptions of broader business conditions worsened further this month. The general business activity index fell to -20.8 in May, its lowest reading since June 2009. The company outlook index moved down to -10.5, also hitting a low not seen since summer 2009.
Labor market indicators reflected employment declines and shorter workweeks. The May employment index declined 10 points to -8.2, after rebounding slightly above zero last month. Twelve percent of firms reported net hiring, compared with 21 percent reporting net layoffs. The hours worked index fell from -5 to -11.6.
This is the Texas manufacturing survey for May 2015.
originally posted by: onequestion
a reply to: Nyiah
I live in California, and I still and will always be teaching people how to fight.
Oh and Fyi the rent is way higher here.
Oh and I lost topics I find interesting.
originally posted by: quercusrex
a reply to: seentoomuch
Agreed that this can be a factor, but the survey's numbers show low consistently for several months.
I would also add that the article in the OP is a Huffpost editorial that links back to data from the webpage of a very old, large, and extremely well funded lobbying group. ( Ralph Nader's old outfit.)
They do have an ax to grind and politicians to influence.