Tuesday, February 23, 2016

The Richmond Fed Survey of Manufacturing Activity: February 2016

Today, the Federal Reserve Bank of Richmond released their Survey of Manufacturing Activity for February showing that the composite index, the broadest measure of manufacturing activity, declined to a recessionary level of -4 from a level of 2 the prior month.

The most notable component measures also showed similar results with Shipments falling to -11, New Orders falling to -6 and Backlog of Orders falling to -14.