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For the month of June 2008, reported July 1, 2008
For the first time since October 2007, the leading economic indicator for Arkansas declined. The June index, based on a monthly survey of supply managers, slipped to a still healthy 59.2 from 61.7 in May. Components of the overall index for June were new orders at 60.5, production at 57.5, delivery lead time at 73.7, inventories at 44.7, and employment at 55.3. “Despite the pullback for the month, Arkansas trade numbers were healthy with an export order reading of 58.3 and imports of 46.2. Firms in the state have begun to cut back new construction projects as the economy has slowed,” said Goss.