Today, the Federal Reserve Bank of Richmond released their Survey of Manufacturing Activity for May showing that the composite index, the broadest measure of manufacturing activity, worsened notably falling to a level of -1 from a level of 14 the prior month.
The most notable component measures also showed similar results with Shipments falling to -8, New Orders falling to 0 and Backlog of Orders falling to -13.
from
http://paper-money.blogspot.com/2016/05/the-richmond-fed-survey-of.html
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