Economy
March 22, 2016
Richmond Fed Confirms Strengthening Manufacturing Sector
Written by Sandy Williams
Manufacturing activity expanded in the Fifth District in March, according to the latest survey by the Federal Reserve Bank of Richmond. The composite manufacturing index registered 22, surging from -4 to its highest level since April 2010.
Shipments and new orders both jumped this month. The shipments index gained 38 points climbing to a reading of 27. New orders advanced 30 points to an index reading of 24.
