23 December 2008, 18:28  Federal Reserve Bank of Richmond manufacturing index -55

Federal Reserve Bank of Richmond said that its manufacturing index moved to -55 in December from -38 in November, while its manufacturers' shipments index also hit -55, from -31. Meanwhile, the service sector revenue index was -30 from November's -22, while the retail revenue index came in at -27 from -35 the prior month. On the inflation front, the Richmond-area manufacturers' prices paid index was 2.54 from 1.51 the month before, while the prices received index went to 0.95 after November's -1.19 The service sector price trend index was 0.73, compared with 0.80 in November.

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