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The production index for manufacturersz reporting an increase in production in June from May was 9 its first foray into positived territorysince August. About 33 percent of companies surveyede said productionwas up, and abourt 22 percent said it was down. The indexx was at -3 in May and -8 a year ago. Productiohn indexes increased for durable andnondurable goods-producin g plants. The indexes for shipments, new orderws and order backlog all increasex forthe second-straight montnh and emerged from negative territory. The employmenty index was -10 in June, up from -13 in May. It was at -9 a year ago. The average employee workweek indexhit 3, jumping from -14 in May and -3 a year ago.
The inde had been negative since Inventories for materials and finished goodzremained negative, worsening 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 firmsz indicated “some lingering hesitancy on major investmente due to the only recent pickup in The 10th district coversWestern Missouri, Colorado, Nebraska, Oklahoma, Wyoming and northerh New Mexico.
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