2 Days
Source:
المشهد العربي
Richmond Manufacturing Shrinks Amid Inflation
Industrial sector activity in the Richmond area contracted in September, with the activity index declining to minus two points compared to previous quarters. This was driven by a decrease in shipments and new orders, amid rising input costs for the fourth consecutive month due to higher energy prices and operational costs resulting from the conflict in the Middle East. There was, however, an improvement in the employment index. This cost inflation has doubled the burden on companies and negatively affected the pace of industrial activity.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)