Richmond Fed Rebound Suggests Econ. Recovery

As reported by Mark Peery at Carpe Diem —-RICHMOND FEDERAL RESERVE — In May, the seasonally adjusted manufacturing index—our broadest measure of manufacturing activity—jumped to 4 from April’s reading of -9 (see chart above). Among the index’s components, shipments gained twelve points to 9, new orders rose twelve points to finish at 10, and the jobs index advanced fourteen points to end at -12.

This entry was posted on 10. June 2009 at 07:13 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.