Highlights of the Richmond-area manufacturing sentiment survey:
- Prior was +6 (revised to +7)
- Shipments +16 vs +5 in June
- Revenues +32 vs +16
- New orders +11 vs +2 prior
- Employment +4 vs +3
- Wages +17 vs +20
- Prices paid +0.92% vs +0.70% (annualized)
There is some good news here but the soft consumer confidence reading is drowning it out and hurting the US dollar.
