Richmond Fed June manufacturing index -10 vs. 2 expected ...Middle East

Manufacturing index -10 vs. 2 expected and 0 prior.Services index -11 vs. 3 prior.Manufacturing shipments index -9 vs. 13 prior.Fifth District manufacturing activity slowed in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index decreased from 0 in May to −10 in June. Of its three component indexes, shipments fell notably from 13 to −9, new orders decreased from −6 to −17, and employment rose from −6 to −2. Firms grew notably less optimistic about local business conditions, as the index fell from 3 to −15. The index for future local business conditions, however, increased from 6 in May to 10 in June. The future indexes

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Richmond Fed June manufacturing index -10 vs. 2 expected ...Middle East

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