Richmond Fed: Manufacturing Grows At Fastest Rate In Nearly Seven Years

Richmond Fed: Manufacturing Grows At Fastest Rate In Nearly Seven Years.

In a Shopfloor (3/28) piece, NAM Chief Economist Chad Moutray writes that the Richmond Federal Reserve Bank on Tuesday “said that manufacturing activity in its district expanded at its fastest rate since April 2010.” The composite index of general business activity “increased from 17 in February to 22 in March,” which “was the fifth straight monthly expansion in the mid-Atlantic region.”