FXstreet.com (Barcelona) - Manufacturing activity has weakened further in the Richmond Fed area, with shipments, new orders, and employment indexes posting decreases on the month, and prices growing, as the latest report on manufacturing by the Richmond Fed shows.

In June, the seasonally adjusted manufacturing index has decreased to -12 points in June from -3 n May. The shipments index has declined 10 points o -11, while the new orders index has lost 9 points to -13, and the jobs index lost eight points to -12.

Looking forward, manufacturers expectations about their business prospects have deteriorated, compared to the previous month, while capital expenditures are expected to grow faster in the months ahead.