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Richmond Fed US factory index jumps to highest since 2010

[NEW YORK] A measure of manufacturing activity in the lower US Atlantic region rose in March to its strongest level in nearly six years, recovering from its weakest level in six months, the Richmond Federal Reserve said on Tuesday.

The Richmond Federal Reserve's composite factory index rose to +22 points in March from -4 in February.

The latest figure reached its highest level since +26 in April 2010.

The Richmond Fed manufacturing index covers activity in the District of Columbia, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia.

REUTERS

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