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Fed indexes show regional manufacturing in a summer swoon
RICHMOND, Va., July 23 () -- The Federal Reserve Bank of Richmond, Va., said Central Atlantic manufacturing weakened in July but the six-month outlook remained positive.The manufacturing index for the region dropped from 7 to minus 11, pushed lower by declines in new orders,[url=http://www.christianslouboutinsales.com]Christian Louboutin Sale[/url], shipments, volume of orders,[url=http://www.christianslouboutinsales.com]Christian Louboutin Outlet Online[/url], backlog of orders,[url=http://www.christianelouboutinoutlet.com]Christian Louboutin Clearance[/url], capacity utilization and on two employment measures.The volume of new orders index slid from 9 to minus 15. The number of employees index held unchanged at zero while the index measuring the average number of hours worked dropped from 11 to 2 and the wages index fell from 11 to 8.The backlog of orders index fell sharply, falling from minus 1 to minus 24. The capacity utilization index -- measuring factories compared with capacity at full steam -- slipped from 1 to minus 9.