RICHMOND MANUFACTURING DATA HITS 3-YEAR HIGH
Aug 26, 2014, 19:31 IST
The Richmond Fed's manufacturing index hit 12, the best reading since March 2011.
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Expectations were for a reading of 6, compared with a reading of 7 in July.
Manufacturing employment climbed, and managers said they expect a pick-up in hiring in the coming months.
The outlook for expected shipments finished 12 points above last month's reading, while expectations for new orders jumped seven points.
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New orders and shipments growth was flat.
Here's what the data now look like:
