This is the lowest reading since May 2020
- General activity index: -17.5 vs -12.9 prior
- New orders index: -19.5 vs -1.3 prior — lowest since April 2023
- Full-time employment index: -7.5 vs 2.5 prior
- Prices paid index: 36.0 vs 23.4 prior
- Regional activity index: -32.5 vs -13.1 prior
The six month index fell to -19.8 from +13.8 in the first negative reading since April 2020.
Firms are becoming more cautious with spending:
- 30% expect lower total capital spending in 2025 vs. 2024
- 25% plan higher spending
- 45% anticipate unchanged spending levels
This article was written by Adam Button at www.forexlive.com.
