Manufacturing activity in the central Atlantic region "advanced moderately in June after contracting at a less pronounced rate in May," while expectations were near last month's numbers, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index rose to positive 8 from negative 2 in May.

Index readings above zero show expansion, while numbers below zero indicate contraction.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.