Richmond Fed Manufacturing Index Steady in April

The Fifth District Survey of Manufacturing Activity’s Composite Index remained unchanged at 17 this month, maintaining its reading from March, according to data by the Federal Reserve Bank of Richmond.

The index continued to indicate growth, as all its main components, namely shipments, new orders, and employment, remained positive, signaling expansion.

The new orders index increased to 16 in April from 10 last month.

The shipments index declined to 16 from 22, while the employment index decreased to 19 from 22.