Richmond Fed: Manufacturing Activity Continues to Expand in May: Expectations Remain Optimistic

Manufacturing activity in the central Atlantic region expanded for the fourth straight month, according to the Richmond Fed’s latest survey.

MP: The Richmond Fed index has now been positive in 10 out of the last 12 months, the first time since 2004 of that many positive readings in a one-year period since 2004. Also, the two latest monthly readings of 30 in April and 26 in May are the two highest Richmond Fed index values in the history of the index back to 1994.