The Richmond Fed Survey Of Manufacturing Activity: February 2016

Includes: RINF
by: Sold At The Top

Today, the Federal Reserve Bank of Richmond released its Survey of Manufacturing Activity for February, showing that the composite index, the broadest measure of manufacturing activity, declined to a recessionary level of -4 from a level of 2 the prior month.

The most notable component measures also showed similar results with Shipments falling to -11, New Orders falling to -6 and Backlog of Orders falling to -14.