Richmond Fed: "Fifth District Manufacturing Firms Reported Sluggish Growth in March"

From the Richmond Fed: Fifth District Manufacturing Firms Reported Sluggish Growth in March Fifth District manufacturing expanded at a slower pace in March, according to the most recent survey results from the Federal Reserve Bank of Richmond. The composite index dropped from a particularly strong reading of 28 in February to 15 in March as each of the three components (shipments, new orders, and employment) fell. However, for each of these variables, a larger share of firms predicted growth in six months than had in February. Firms reported weaker growth in capital expenditures in March but......(read more)

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