10:09 AM EDT, 05/29/2024 (MT Newswires) -- The Richmond Fed's monthly manufacturing index rose to a reading of 0 in May from minus 7 in April, compared with expectations for no change in a survey compiled by Bloomberg as of 7:45 am ET.

The reading indicates neither expansion nor contraction. Other regional manufacturing data already released have been mixed.

Released at the same time, the services revenue index rose to 3 in May from minus 13 in April. The index indicates a return to expansion in the sector, which is in line with the Kansas City and the S&P Global flash indexes but in contrast with the Philadelphia Fed index that pointed to contraction.