5th District Survey of Manufacturing Activity
Looking forward, manufacturers' optimism remained in place in March. Survey contacts at an increasing number of firms looked for solid growth in shipments, new orders, backlog of orders, capacity utilization, and capital expenditures in the next six months.
Survey measures of current prices revealed that both prices of raw materials and finished goods grew at a slightly slower pace in March. Respondents indicated that during the next six months they expected growth in raw materials prices to quicken, but they expected little change in finished goods prices from what they had anticipated last month.