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.

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United States Richmond Fed Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -27.00 27.00 -53.00 1993 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-24 02:00 PM Mar 2 -2 9 -16
2020-04-28 02:00 PM Apr -53 2 -42
2020-05-27 02:00 PM May -27 -53 -38
2020-06-23 02:00 PM Jun 0 -27 -14
2020-07-28 02:00 PM Jul 0 5
2020-08-25 02:00 PM Aug
2020-09-22 02:00 PM Sep 1
2020-10-27 02:00 PM Oct


News Stream
US Fifth District Manufacturing Activity Index Rises
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.
2020-06-23
Richmond Manufacturing Bounces from Record Low
The Manufacturing Activity Index in the US fifth district increased to -27 in May of 2020 recovering from a record low of -53 in April. Still, the index remains at 2009-lows as COVID-19 pandemic forced many factories to halt the production. All three components: shipments (-26 from -70), new orders (-35 from -61) and employment (-16 from -21) - were above their April readings but still in contractionary territory. Meanwhile, the index for local business conditions was also negative, but contacts expected conditions to improve in the next six months.
2020-05-27
US Fifth District Manufacturing Activity Index Falls to Record Low
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 dropped to -53 in April 2020 from 2 in the previous month. It was the lowest reading on record, as all three main components of the composite index deteriorated: shipments (-70 vs 13 in March), new orders (-61 vs 0) and employment (-21 vs -7). In addition, firms reported a further decline in backlogs of orders (-42 vs -8). Meantime, respondents reported a rise in the growth rates of prices paid (1.48 vs 1.29) while that of prices received fell (0.92 vs 1.22). Finally, manufacturers were pessimistic regarding business conditions in the coming months.
2020-04-28
US Fifth District Manufacturing Activity Index Rises
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 rose to 2 in March 2020 from -2 in the previous month, but missing market expectations of 9. Two out of the three components of the composite index improved: shipments (13 vs 1 in February) and new orders (0 vs -10). On the other hand, employment dropped (-7 vs 8) and firms reported a further decline in backlogs of orders (-8 vs -6). Meantime, respondents reported a drop in the growth rates of both prices paid (1.29 from 1.95) and prices received (1.22 from 1.54). Lastly, manufacturers were pessimistic regarding business conditions in the coming months, expecting a fall in shipments and new orders amid the coronavirus pandemic.
2020-03-24

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.