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Manufacturing improves

The Federal Reserve Bank of Richmond's Survey of Manufacturing Activity for January showed that the composite index, the broadest measure of manufacturing activity, improved 9 points to a level of 12.

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This chart plots the Richmond Survey of Manufacturing Activity index since 1994. the red line represents an activity level of zero.

Today, the Federal Reserve Bank of Richmond released their Survey of Manufacturing Activity for January showing that the composite index, the broadest measure of manufacturing activity, improved 9 points to a level of 12.

The most notable component measures also showed similar results with the new orders improving to 14.

The a chart plots the composite index with the red line marking a level of 0, or the threshold between increasing and declining activity.

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