facebook
twitter
search
search

Central Atlantic manufacturing steady

Nov. 22, 2011 at 12:12 PM

RICHMOND, Va., Nov. 22 (UPI) -- The Richmond, Va., Federal Reserve Bank said business activity in the Central Atlantic states held steady in November.

The overall index rose from minus 6 to zero in the month, the pivot point between contraction and growth.

The shipments index rose from minus 6 to 1, while the index for new orders rose from minus 5 to minus 2.

The critical employment index measuring the number of employees also went from negative to breakeven, jumping out of last month's minus 7 to zero.

The index on wages rose from 5 to 10 while the index measuring average work hours rose from minus 1 to zero.

The survey showed respondents remain confident about business six months down the road.

The index for expected shipments rose 8 points to 36 while expectations of new orders added 12 points to reach 37.

Related UPI Stories
Latest Headlines
Top Stories
Australia receives seventh C-17 in record time
Crude oil prices extend losses
Greenpeace again stands in Shell's way to arctic
Work to prepare Portsmouth Navy base for new carriers begins
Saudis to acquire hundreds of advanced Patriot missiles