Manufacturing improves
The Federal Reserve Bank of Richmond's Survey of Manufacturing Activity for January showed that the composite index, the broadest measure of manufacturing activity, improved 9 points to a level of 12.
This chart plots the Richmond Survey of Manufacturing Activity index since 1994. the red line represents an activity level of zero.
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Today, the Federal Reserve Bank of Richmond released their Survey of Manufacturing Activity for January showing that the composite index, the broadest measure of manufacturing activity, improved 9 points to a level of 12.
The most notable component measures also showed similar results with the new orders improving to 14.
The a chart plots the composite index with the red line marking a level of 0, or the threshold between increasing and declining activity.