The manufacturing activity index from the Richmond Fed’s regional manufacturing survey was a reading of +14 in August. This is a significant increase from the -11 reading in July, and moves the index back above zero indicating economic expansion in the manufacturing sector. This is also the highest the Richmond Fed Manufacturing index has been since March of 2011.
The Richmond Fed is the last of the 5 leading regional manufacturing surveys conducted by Federal Reserve banks to report for August. Prior to this release it was the only survey indicating economic contraction in the manufacturing sector. Now, all 5 surveys indicate economic expansion.
Voss Capital is betting on a housing market boom
The Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More