facebook
twitter
rss
account
search
search
 

Business in central Atlantic region slows

Jan. 22, 2013 at 3:38 PM   |   Comments

RICHMOND, Va., Jan. 22 (UPI) -- The Federal Reserve Bank of Richmond, Va., said Central Atlantic manufacturing slipped in January after two consecutive months of growth.

"Nearly all broad indicators of [business] activity fell into negative territory. Other indicators also suggested additional softness," the Fed said.

The diffuse business index for the region fell from 9 in November and 5 in December to minus 12 in January.

Shipments, volume of new orders, capacity utilization and vendor lead time all moved from positive to negative in the month.

The index measuring the number of employees moved from minus 3 to minus 5. The index measuring the number of hours worked was little changed at minus 4 after a posting of minus 2 in December.

The wages index stayed positive and grew, albeit marginally, moving from 10 to 11, the Fed said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
U.S. Air Force orders more RQ-4 Global Hawks U.S. Air Force orders more RQ-4 Global Hawks
2
EU, Kiev, Moscow gas talks suspended EU, Kiev, Moscow gas talks suspended
3
Urban Outfitters receives backlash after selling Kent State massacre sweatshirt Urban Outfitters receives backlash after selling Kent State massacre sweatshirt
4
Chevron gas line closed after accident Chevron gas line closed after accident
5
Talon rocket in full-rate production for UAE Talon rocket in full-rate production for UAE
Trending News
Video
x
Feedback