Federal Reserve Tenth District manufacturing activity remained strong, and expectations for future activity increased to a survey record high, according to the manufacturing survey recently released by the Fed.
The index of prices paid for raw materials and prices received for finished goods compared with a month ago remained very high. Price indexes vs. a year ago posted record highs again in June. Moving forward, district firms expected materials prices and finished goods prices to continue to increase over the next six months.
Click here to read the entire release concerning the survey, and to see the results from the survey itself.