By Michael SusinManufacturing activity in the U.S. central region slowed for the third consecutive month in January, data from the Federal Reserve Bank of Richmond showed Tuesday. The Fifth District Survey of Manufacturing Activity index came in at minus 15 points from the minus 11 reported in December. Shipments edged up to minus 15 from minus 17 the month before. However, new orders edged down to minus 16 from minus 14 the month before and employment sharply fell to minus 15 from minus 1. Average growth rates of prices paid and prices received remained nearly unchanged in January.

Source: Wall Street Journal January 23, 2024 15:38 UTC