Tuesday, March 24, 2020

Richmond Fed: "Fifth District manufacturing activity remained fairly flat in March"

by Calculated Risk on 3/24/2020 10:18:00 AM

From the Richmond Fed: Manufacturing activity remained fairly flat in March

Fifth District manufacturing activity remained fairly flat in March, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index remained close to 0, rising from −2 in February to 2 in March.

Survey results suggested a drop in employment but continued growth in wages in recent weeks.
emphasis added
This survey was taken in the first half of March, and the impact of COVID-19 isn't apparent yet.