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Richmond Fed's latest survey activity unchanged at 14
In August, the seasonally adjusted manufacturing index—our broadest measure of manufacturing activity—was unchanged from July's reading of 14. Among the index's components, shipments rose five points to 21, new orders fell six points to finish at 18, and the jobs index picked up five points to end at 0.
Other indicators also suggested solid growth. The capacity utilization measure moved up eight points to 22, while the orders backlogs and delivery times indexes matched last months' reading of 4 and 2, respectively. Our gauges for inventories were mixed in August. The finished goods inventory index trimmed four points to 22, while the raw materials inventory index jumped ten points to 18
Posted: August 25, 2009 Tuesday 10:00 AM