United States Richmond Fed Manufacturing Index

The Fifth District Manufacturing Index rose to +1 in August 2019 from -12 in the previous month and above market expectations of -4, according to the most recent survey from the Federal Reserve Bank of Richmond. Shipments and new orders rebounded from July's sharp declines and capital expenditures and inventories also increased, while the measure of local business conditions was slightly negative. Meanwhile, employment declined while the average workweek increased. Respondents reported persistent wage growth but still struggled to find workers with the necessary skills. They expected this struggle to continue, along with wage growth, in the coming months. Looking ahead, manufacturers were optimistic that conditions would improve in the next six months. Richmond Fed Manufacturing Index in the United States averaged 2.78 Index Points from 1993 until 2019, reaching an all time high of 27 Index Points in March of 2004 and a record low of -44 Index Points in February of 2009.

Richmond Fed Manufacturing Index in the United States is expected to be -2.00 Index 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 -4.00 in 12 months time. In the long-term, the United States Richmond Fed Manufacturing Index is projected to trend around 3.00 Index Points in 2020, according to our econometric models.

United States Richmond Fed Manufacturing Index

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-05-29	02:00 PM	Richmond Fed Manufacturing Index May	5	3	6	5
2019-06-25	02:00 PM	Richmond Fed Manufacturing Index Jun	3	5	7	-2
2019-07-23	02:00 PM	Richmond Fed Manufacturing Index Jul	-12	2	5	6
2019-08-27	02:00 PM	Richmond Fed Manufacturing Index Aug	1	-12	-4	-4
2019-09-24	02:00 PM	Richmond Fed Manufacturing Index Sep		1	-11	-2
2019-10-22	02:00 PM	Richmond Fed Manufacturing Index Oct				-3
2019-11-26	03:00 PM	Richmond Fed Manufacturing Index Nov				-8

United States Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	49.10	51.20	77.50	29.40	Index Points	[+]
Manufacturing PMI	50.30	50.40	57.90	50.30		[+]
Services PMI	50.70	53.00	61.00	49.30	Index Points	[+]
Non Manufacturing PMI	56.40	53.70	62.00	37.80		[+]
Composite Pmi	50.70	52.60	61.00	50.00	Index Points	[+]
Industrial Production	0.40	0.50	62.00	-33.70	percent	[+]
Industrial Production Mom	0.60	-0.10	16.60	-10.40	percent	[+]
Manufacturing Production	-0.40	-0.50	67.90	-39.40	percent	[+]
Capacity Utilization	77.88	77.52	89.39	66.69	percent	[+]
Durable Goods Orders	2.10	1.80	23.20	-18.40	percent	[+]
Durable Goods Orders Ex Defense	1.40	3.10	25.50	-19.20	percent	[+]
Durable Goods Orders Ex Transportation	-0.40	0.80	6.30	-10.20	percent	[+]
Factory Orders Ex Transportation	0.30	-0.10	4.60	-7.00	percent	[+]
New Orders	500278.00	493817.00	565232.00	223500.00	USD Million	[+]
Factory Orders	1.40	0.50	10.40	-9.70	percent	[+]
Business Inventories	0.40	0.00	1.30	-2.00	percent	[+]
Changes in Inventories	69.03	116.00	173.21	-245.13	USD Billion	[+]
Wholesale Inventories	0.20	-0.10	2.10	-2.00	percent	[+]
Bankruptcies	22483.00	22157.00	82446.00	19695.00	Companies	[+]
Corporate Profits	1882.97	1791.42	1882.97	14.67	USD Billion	[+]
NFIB Business Optimism Index	103.10	104.70	108.80	80.10	Index Points	[+]
NY Empire State Manufacturing Index	2.00	4.80	39.00	-34.40	Index Points	[+]
Philadelphia Fed Manufacturing Index	12.00	16.80	58.50	-57.90	Index Points	[+]
Richmond Fed Manufacturing Index	1.00	-12.00	27.00	-44.00	Index Points	[+]
Ism New York Index	50.30	43.50	88.80	23.40	percent	[+]
Chicago Fed National Activity Index	-0.36	0.03	2.79	-5.28		[+]
Dallas Fed Manufacturing Index	2.70	-6.30	47.60	-59.90	Index Points	[+]
Chicago Pmi	50.40	44.40	78.60	21.20	Index Points	[+]
Car Production	2.67	2.62	9.92	1.29	Million Units	[+]
Car Registrations	417.60	466.07	1149.00	331.50	Thousand	[+]
Total Vehicle Sales	16.90	16.80	21.77	9.05	Million	[+]
Crude Oil Stocks Change	1.06	-6.91	14.42	-15.22	BBL/1Million	[+]
Natural Gas Stocks Change	84.00	78.00	147.00	-359.00	Billion cf	[+]
Gasoline Stocks Change	781.00	-682.00	11456.00	-8428.00	Thousand Barrels	[+]
Leading Economic Index	128.31	128.29	128.31	46.91	Index Points	[+]
Internet Speed	18747.58	17235.62	18747.58	3609.31	KBps	[+]
IP Addresses	128949703.00	127873899.00	146874246.00	89399946.00	IP	[+]
API Crude Oil Stock Change	0.59	-7.20	14.30	-12.40	BBL/1Million	[+]
Crude Oil Rigs	719.00	733.00	1609.00	98.00		[+]
Corruption Index	71.00	75.00	78.00	71.00	Points	[+]
Corruption Rank	22.00	16.00	24.00	14.00		[+]
Competitiveness Index	85.64	84.84	85.64	5.42	Points	[+]
Competitiveness Rank	1.00	1.00	7.00	1.00		[+]
Ease of Doing Business	8.00	6.00	8.00	4.00		[+]
Steel Production	7514.00	7276.00	11951.00	3799.00	Thousand Tonnes	[+]
Kansas Fed Manufacturing Index	-2.00	-6.00	37.00	-32.00	Index Points	[+]
Mining Production	5.10	5.90	108.20	-28.80	percent	[+]

United States Richmond Fed Manufacturing Index

The Richmond Manufacturing Index measures the conditions of the manufacturing sector for the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. The index is derived from a survey of 190 manufacturing plants and based on three individual index with the following weights: Shipments (33 percent), New Orders (40 percent) and Employment (27 percent). The index can range between +100 and -100; a reading above zero indicates expansion, while below zero suggests a contraction. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.