Richmond Fed: "Fifth District Manufacturing Firms Saw Slowing Growth in July"

From the Richmond Fed: Fifth District Manufacturing Firms Saw Slowing Growth in July Fifth District manufacturing expanded at a slower pace in July, according to results of the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index fell from 21 in June to 20 in July, but it remained in solid expansionary territory . This decrease resulted from a decrease in the employment and shipments indexes, as the other component (new orders) held steady. Firms were optimistic in July, expecting to see robust growth across most indicators in the coming months.......(read more)

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