Open Demo Account
Home / Market Update / Richmond Fed Manufacturing Index Plunges

Richmond Fed Manufacturing Index Plunges

M. Ali 24 August, 2021 9:03 pm Market Update

The Federal Reserve Bank of Richmond Survey of Manufacturing Activity’s composite index declined to a reading of 9 in August from 27 in July, data showed on Tuesday.

The reading indicates a slowdown in manufacturing activity to its lowest level since June 2020.

The shipments index also decreased to 6 from 21.

The employment index decreased to 18 from 36.

The new orders volume index fell to 5 from 25.

Tags

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends