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.
