Richmond Fed composite index -2 in October
SPY•The Richmond Fed's manufacturing composite index was -2 in October, unchanged from September; new orders were -8 and shipments were 0.
1. Manufacturing activity
The Richmond Fed's seasonally adjusted composite manufacturing index was -2 in October, unchanged from September; readings below zero indicate contraction. New orders fell to -8 from -6, while shipments improved to 0 from -5. The index covers the Fifth Federal Reserve District.
