Posted May 25, 2010
Central Atlantic manufacturing expands
Manufacturing activity in the central Atlantic region expanded for the fourth straight month, according to the Richmond Fed's latest survey.
Shipments edged slightly higher, while new orders inched lower and employment grew more slowly. Other indicators were also mixed but suggested continued solid activity. Backlogs continued their upward trend and capacity utilization matched its all time high reading seen in April. Vendor lead-time continued to grow at a solid pace; suggesting activity remained strong in May. Inventories grew at a somewhat slower pace.
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