![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNs0xRz3tnHxk05oQrOukvZuupPqsKW1cnWeccxgAn3mooxXaBmhXZFXy_zC_-oDO8kXb1uHeDGEDaZ1FL5aMa8sWTaDeTPdGoyGcjV-9RlL4_Rq4ZZz4_Zw841ixHR44l0NQr/s280/richmondskyline.jpg)
The most notable component measures also showed similar results with the new orders dropping to -11, shipments declining to -17 and backlog of orders plunging to -25.
The following chart plots the composite index with the red line marking a level of 0, or the threshold between increasing and declining activity.