1 Attachment(s) Manufacturers in the Fifth District were
relatively less up-beat in May than in the preceding
3 months, based on the latest study
by the Federal Reserve Bank of Richmond.
The index for shipments along with the index for new
orders reduced somewhat, with all the shipments
index falling to somewhat below 0. The index for
work was fairly flat, but the decrease
in another two indexes triggered a drop
in the composite index from 2-0 in April to TO AT LEAST ONE in
May. The bulk of organizations continued to report
greater wages, but more companies noted a
drop in the typical work week than
documented an improve.
Looking six months forward, production
executives remained generally optimistic,
even though the only index to improve was
anticipated capital expenses. Nonetheless,
the predicted shipments index had a robust
studying of 39 in May (from 4-2 in Ap