The manufacturing index in Richmond, USA fell sharply in July, marking the fifth consecutive month in negative territory.

According to the financial news app CNBC, on Tuesday, the latest manufacturing survey released by the Richmond Federal Reserve Bank in the United States showed that manufacturing activity in the fifth Federal Reserve district further deteriorated in July, with the composite manufacturing index plummeting by 12 points to -20, far below the market's expectation of -2. This marked the fifth consecutive month that the index has been in negative territory, indicating that manufacturing in the region is continuing to contract.