Posted March 23, 2010
Central Atlantic area manufacturing improves
Manufacturing activity in the central Atlantic region advanced somewhat faster in March than a month earlier, according to the Richmond Fed's latest survey.
Looking at the main components of activity, shipments grew at a modest pace, while new orders were virtually unchanged and employment steadied. Other indicators were mixed. Backlogs of orders landed in negative territory and capacity utilization turned positive after being negative for the last three months. Vendor delivery times grew at a considerably quicker rate, while manufacturers reported somewhat slower growth in finished goods inventories.
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