- Richmond Fed Manufacturing Index rises to −3 in April
Market news
28 April 2015
Richmond Fed Manufacturing Index rises to −3 in April
The Federal Reserve Bank of Richmond released its survey of manufacturing activity. The lender said that "manufacturing activity remained soft in April".
The composite index for manufacturing rose to −3 in April from −8 in March.
The increase was driven by higher manufacturing employment and higher wages.
Manufacturers expect shipments and in the volume of new orders to grow.
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