Tuesday, March 22, 2016

The Richmond Fed Survey of Manufacturing Activity: March 2016

Today, the Federal Reserve Bank of Richmond released their Survey of Manufacturing Activity for March showing that the composite index, the broadest measure of manufacturing activity, improved notably rising to a level of 22 from a level of -4 the prior month.

The most notable component measures also showed similar results with Shipments rising to 27, New Orders rising to 24 and Backlog of Orders improving to 1.