Richmond Fed: Manufacturing Activity Rebounded in January

From the Richmond Fed: Manufacturing Activity Rebounded in January Fifth District manufacturing activity rebounded in January, according to the most recent survey from the Richmond Fed. The composite index rose from -5 in December to 20 in January , as all three components- shipments, new orders, and employment- increased. Local business conditions also improved as this index saw its largest increase since February 2013. Manufacturers were optimistic that conditions would continue to strengthen in the coming months Survey results indicate that both employment and wages rose for survey......(read more)

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