Richmond and Dallas Fed: Manufacturing Expansion Solid in December

From the Richmond Fed: Fifth District Manufacturing Firms Reported Moderate Growth in December According to the latest survey by the Federal Reserve Bank of Richmond, Fifth District manufacturing firms saw moderate growth in December. The composite index moved down from its record high November reading of 30 to 20 but remained positive, indicating continued growth . The decrease in the composite index resulted from declines in the indexes for shipments and new orders; but the third component, employment, increased in December. Indicators of wages and inventories also rose. emphasis added From ......(read more)

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