Upgrade Now

Richmond Fed factory index slips in April

By Alexander Bueso

Date: Tuesday 25 Apr 2023

Richmond Fed factory index slips in April

(Sharecast News) - Manufacturing sector activity in states bordering the mid-southeastern US Atlantic coast deteriorated a bit more in April, the results of a survey revealed.
The Federal Reserve Bank of Richmond's factory sector index slipped from a reading of -5 for March to -10 in April.

Two of its largest components, the subindices for shipments and new orders, fell from 2 to -7 and from -11 to -20, respectively.

A gauge of employment on the other hand improved from -5 to 0.

The Richmond Fed's fifth district comprised the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and the majority of West Virginia.



Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange Market.

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page