Federal Reserve Bank of Richmond (12/22/15)
Manufacturing activity increased modestly in the Mid-Atlantic states, according to the Federal Reserve Bank of Richmond. The composite index rose nine points to a reading of 6. The index for shipments flattened, ending at 0, while the index for new orders climbed 14 points to a reading of 8.
Manufacturing employment increased moderately this month to a reading of 12. Furthermore, the average workweek lengthened; the index added 10 points to end at a reading of 7. Average wages rose at a moderate pace; the index added 11 points to finish at a reading of 17.
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