Richmond Fed Manufacturing Index rises to 1 in May

Market news

26 May 2015

Richmond Fed Manufacturing Index rises to 1 in May

The Federal Reserve Bank of Richmond released its survey of manufacturing activity on Tuesday. The lender said that "manufacturing activity flattened in May ".

The composite index for manufacturing rose to 1 in May from −3 in April.

The increase was driven by higher shipments and the volume of new orders.

Gold price traded lower on the stronger U.S. dollar

Wall Street. Major U.S. stock-indexes fell

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