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Central Atlantic business index turns higher

June 25, 2013 at 11:09 AM   |   Comments

RICHMOND, Va., June 25 (UPI) -- The Federal Reserve Bank of Richmond, Va., said Central Atlantic manufacturing found some traction in June.

The manufacturing index for the region rose from minus 2 to 8 , with gains in volume of new orders, shipments, backlogged orders and capacity utilization. All three employment indexes also made gains with the number of employees index climbing from minus 3 to 4 and the average workweek index jumping from minus 6 to 12.

The wages index climbed from 6 to 12.

The volume of new orders index slid from minus 8 to minus 10. The number of employees index dropped from positive 3 to minus 3. The average number of work hours index slide from minus 3 to minus 6.

The telling volume of new orders index rose from minus 10 to 9, 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.
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