Federal Reserve Bank of Richmond

Manufacturing growth in the central Atlantic region was “robust” in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index soared to 28 from 14.

Service sector companies “reported moderate growth in January,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region was “slower” in January, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index declined to 14 from 20.

Service sector activity saw “continued growth in December.”

Manufacturing growth in the central Atlantic region was “moderate” in December.

The Federal Reserve Bank of Richmond’s decision to hire Thomas Barkin as its next president has renewed questions over the cloaked process of selecting officials who set the most widely watched policy interest rates in the world.

Directors at the Federal Reserve Bank of Richmond have chosen Thomas Barkin, a senior executive at the global consulting firm McKinsey & Co., as the institution's next president, said a person familiar with the decision.

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board.

Service sector activity “continued to see strong growth in November,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region was “robust” in November, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index soared to 30 from 12.

Service sector activity “continued to see growth in October, with a slight increase in the revenues index.”

Manufacturing in the central Atlantic region “remained positive in October.”

Manufacturing in the central Atlantic region “largely unchanged in August.”

Service sector activity “improved notably in August,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing in the central Atlantic region “largely unchanged in August,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index remained 14.

Service sector activity “improved at a more moderate pace in June,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing in the central Atlantic region “improved in June,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index climbed to 7 in June from 1 in May.

Enforcement actions are generally terminated when firms have remedied underlying problems.

Manufacturers in the central Atlantic region “were upbeat again in April,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index dipped to 20 in April from 22 in March.