Morgan Stanley Fixed-US Economics Business Conditions Employment Trends Expecte...-108709405

MIdeaUSEconomics|NorthAmericaBusinessConditions:EmploymentTrendsExpectedto"RemainSteady"MorganStanley&Co.LLCLenoyDujonUS/CanadaEconomistLenoy.Dujon@morganstanley.com+1212761-2779EllenZentnerChiefUSEconomistEllen.Zentner@morganstanley.com+1212296-4882SamDCoffinEconomistSam.Coffin@morganstanley.com+1212761-4630DiegoAnzoateguiEconomistDiego.Anzoategui@morganstanley.com+1212761-8573SarahAWolfeEconomistSarah.Wolfe@morganstanley.com+1212761-0857TheJuneMSBCIroseonthemonthbutremainsincontraction.Manufacturingandservicesactivitybothsawanimprovementthismonth.Inspecialquestions,majorityofrespondentsexpectemploymenttrendsto"remainsteady"throughouttheyear.Exhibit1:MorganStanleyBusinessConditionsIndex(MSBCI)Jun23Jul23Aug23Sep23Oct23Nov23Dec23Jan24Feb24Mar24Apr24May24Jun24MorganStanleyBusinessConditionsIndex(seasonallyadjusted)43503361494549534552423040MSBCI(3-monthmovingaverage)44464248475247494950464137MorganStanleyBusinessConditionsIndex42543262355044555056403144ManufacturingSubindex38633075505050405050303350ServicesSubindex44503356315043675058452938PricesReceivedIndex86798688747281828586938578PricesPaidIndex59568077575043556773757081CompositeMSBCI37444542465055494654524950AdvanceBookingsIndex133033507550100602564505063CreditConditionsIndex38463642264544557364636961BusinessConditionsExpectationsIndex635459505650505565697...