Factory Activity Shrinks, Employment Index Falls Into Recession Territory for First Time Since Pandemic

A determination scale of manufacturing enactment successful the 5th territory showed a diminution for the 2nd consecutive month, according to a caller study by the Federal Reserve Bank of Richmond, indicating economic recession successful the wide economy. “The composite manufacturing index remained antagonistic but edged up from -10 successful October to -9 successful November,” said the Richmond Manufacturing Index (pdf) published connected Nov. 22. “...