- Analytics
- News and Tools
- Market News
- U.S. Fifth District manufacturing activity softens in February
U.S. Fifth District manufacturing activity softens in February
The latest survey from the Federal Reserve Bank of Richmond revealed on Tuesday that the U.S. fifth district's manufacturing softened in February.
According to the report, the composite manufacturing index dropped from 20 in January to -2 in February, as its three major components - shipments (to 1 in February from 29 in January), new orders (to -10 from 13), and employment (to 8 from 20) - declined. In addition, backlog of orders also decreased (to -6 from 9). Still, the index for local business conditions remained positive, and manufacturers were optimistic that activity would improve in the coming months, the Richmond Fed noted.
Economists had expected a reading of 13. A reading above 0 signals expansion, while a reading below 0 indicates contraction.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
