Richmond Fed Manufacturing Index Continues to Expand

Manufacturing activity in the U.S. continued to show signs of improvement this month, as shown by survey data by the Federal Reserve Bank of Richmond on Tuesday.

The Fifth District Survey of Manufacturing Activity’s Composite Index rose from 18 in May to 22 in June, maintaining a positive performance since July 2020.

The new orders index rose sharply to 35 in from 18 last month.

Meanwhile, the shipments index fell to 8 from 12.

As for the employment index, it declined to the level of 19 from 25 in the previous month.

The future index for shipments surged to 50 from 39 in May.

The future new orders index stabilized and remained unchanged at 38.