Finishing activity is flat for the first time since December 2020.
May marks the first slowing of Finishing’s expansion this year, the time prior being December 2021.
April index stayed about the same at 59.6 (slowing down just two-thirds of a point vs. March)
March index stays the same at 60.3
February Index Up Slightly at 60.3
Index Posts 3-Point Turn Around After Weak Close to 2021
Index Ends Year Below Where It Started
Production and employment both register quickening activity.
Slowing New Orders and Production Have Little Effect on Backlogs
Weak employment and worsening supply chains drive “production deficit.”
As Index declines for third consecutive month, the pace of slowing expansion intensifies
Total Activity Growth Slows in Three of Last Four Months