Tuesday, May 24, 2016

The Richmond Fed Survey of Manufacturing Activity: May 2016

Today, the Federal Reserve Bank of Richmond released their Survey of Manufacturing Activity for May showing that the composite index, the broadest measure of manufacturing activity, worsened notably falling to a level of -1 from a level of 14 the prior month.

The most notable component measures also showed similar results with Shipments falling to -8, New Orders falling to 0 and Backlog of Orders falling to -13.