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Richmond Fed Index Shows Manufacturing Increase

Wall Street Journal (12/24/13) Kathleen Madigan

According to the Federal Reserve Bank of Richmond, business conditions are currently at 13, the same as in November but up from one in October. A reading above zero indicates expansion. The new-orders index slowed to 10 from 15 in November. The shipment index this month fell to 15 from 16. The employment index rose to 14 from six in November, while the workweek index fell to six from 12. Manufacturers expect improvement over the next six months.