The Manufacturing Activity Index in the US fifth district including the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia increased to 0 in June of 2020 from -27 in May. Shipments were relatively flat (-1 vs -26 in May), more firms reported increases in new orders (5 vs -35), and firms generally reported continued declines in employment (-5 vs -16). The index for local business conditions rose notably in June, indicating optimism among firms after three months of some of the most negative readings on record for that series. Manufacturers were also optimistic, overall, that conditions would improve in the next six months.
Richmond Fed Manufacturing Index in the United States averaged 2.48 points from 1993 until 2020, reaching an all time high of 27 points in March of 2004 and a record low of -53 points in April of 2020. This page provides - United States Richmond Fed Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Richmond Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Federal Reserve Bank of Richmond
Richmond Fed Manufacturing Index in the United States is expected to be -14.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Richmond Fed Manufacturing Index in the United States to stand at 2.00 in 12 months time. In the long-term, the United States Richmond Fed Manufacturing Index is projected to trend around 2.50 points in 2021 and 3.00 points in 2022, according to our econometric models.