Richmond Fed: Manufacturing Activity Grew in December

Release Time：08 Jan,2018

<p style="text-align:center;"> <img src="/membcentre/editor/attached/image/20180108/20180108090341_53698.jpg" alt="" /> </p> <p> Manufacturing firms saw moderate growth in December, according to the Federal Reserve Bank of Richmond. The composite index moved down from its record high November reading of 30 to 20 but remained positive, indicating continued growth. The decrease in the composite index resulted from declines in the indexes for shipments and new orders; but the third component, employment, increased in December. Indicators of wages and inventories also rose. </p>