Wednesday, June 29, 2016

The Richmond Fed Survey of Manufacturing Activity: June 2016

Yesterday, the Federal Reserve Bank of Richmond released their Survey of Manufacturing Activity for June showing that the composite index, the broadest measure of manufacturing activity, worsened notably falling to a level of -7 from a level of -1 the prior month.

The most notable component measures also showed similar results with a weak Shipments level of -3, New Orders falling to -14 and Backlog of Orders falling to -17.