Richmond Fed: "Fifth District Manufacturing Activity Was Soft in January"

From the Richmond Fed: Fifth District Manufacturing Activity Was Soft in January Fifth District manufacturing activity was soft in January, according to the latest survey from the Richmond Fed. The composite index rose from -8 in December to -2 in January but continued to indicate weak growth. The rise from December came from increases in the component indexes of employment and shipments, although the shipments index remained negative. The third component, new orders, dropped to -11, its lowest reading since June 2016 . Meanwhile, the index for backlog of orders fell to -21, its lowest......(read more)

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