Richmond Fed: "Fifth District Manufacturing Firms Reported Robust Growth in May"

From the Richmond Fed: Fifth District Manufacturing Firms Reported Robust Growth in May Fifth District manufacturing firms saw robust growth in May, according to survey results from the Federal Reserve Bank of Richmond. The composite index swung from -3 in April to 16 in May , boosted by growth in the indexes for shipments, new orders, and employment. Local business conditions also moved back into expansionary territory, after weakening in April, and firms remained optimistic that growth would continue in coming months. Survey results indicate that both employment and wages rose among......(read more)

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