Richmond Fed July manufacturing index -17 vs. -7 expected ...Middle East

Manufacturing index -17 vs. -7 expected and -10 prior.Services index -5 vs. -11 prior.Manufacturing shipments index -21 vs. -9 prior.Fifth District manufacturing activity worsened in July, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index decreased from −10 in June to −17 in July. Of its three component indexes, shipments fell notably from −9 to −21, new orders decreased from −16 to −23, and employment edged down from −2 to −5. Firms grew less optimistic about local business conditions, as the index fell from −13 to −21. The index for future local business conditions edged down from 9 to 7 in July. The future indexes for

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Richmond Fed July manufacturing index -17 vs. -7 expected ...Middle East

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