Richmond Fed Manufacturing Index drops to 0 in August

Market news

25 August 2015

Richmond Fed Manufacturing Index drops to 0 in August

The Federal Reserve Bank of Richmond released its survey of manufacturing activity on Tuesday. The composite index for manufacturing dropped to 0 in August from 13 in July.

The decline was driven by decreases in shipments and order backlog. Shipments subindex fell 20 points to -4 in August, while new orders subindex was down 16 points to 1.

New home sales rise 5.7% in July

U.S. house price index rise 0.2% in June

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