2 Attachment(s) Results in the May Manufacturing Business Outlook Survey recommend that regional production activity continued to increase this month. The diffusion indexes for shipments and common exercise enhanced somewhat from their April readings. The indexes for work and new orders, nevertheless, fell modestly from last month but remained at large readings. The readings suggest that many firms expect growth to continue on the following six months although the majority of the study potential indicators fell this month.

Current Indicators Reflect Continued Growth

The index for current production activity in the area improved from a reading of 22.0 in April to 38.8 this month. The index is positive for 10 months. This month, the index recovered a number of the declines of the prior 8 weeks, but nonetheless, it nevertheless remains somewhat below its large studying of 43.3 in February (see Chart 1). Fifty-one percent of the organizations indicated increases in May in exercise, while decreases were reported by 13%. The current new orders and shipments indexes remained at large readings. While the new orders index declined 2 factors, the shipments index increased 16 points. Unfilled orders indexes and both delivery times were good for the seventh consecutive month, suggesting increases and longer shipping times in unfilled orders.