--Richmond Fed January factory new orders index at -6 vs -21 in Dec
By Andrew Williams, BridgeNews
Washington--Feb. 13--Manufacturing activity in the Richmond Federal Reserve Bank district remained weak in January, the Richmond Fed said Tuesday.
The bank said its monthly factory shipments index fell to a seasonally adjusted -12 from -6 in December while the new orders index for district producers increased to -6 from -21 one month earlier.
* * * Those surveyed for the report were "less bullish" than in the previous report, as the Richmond Fed survey showed that inflation pressures for district manufacturers intensified in January.