The Richmond Fed Survey of Manufacturing Activity: January 2012

Today, the Federal Reserve Bank of Richmond released their Survey of Manufacturing Activity for January showing that the composite index, the broadest measure of manufacturing activity, improved 9 points to a level of 12.

The most notable component measures also showed similar results with the new orders improving to 14

The following chart plots the composite index with the red line marking a level of 0, or the threshold between increasing and declining activity.