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 decreased to -5 in December of 2019 from -1 in the previous month, missing market expectations of 9. The index was weighed down by decreases in the already negative subindexes for shipments (-6 from -2 in November) and new orders (-13 from -3), while employment increased slightly (7 from 5). Manufacturers also reported weakness in local business conditions and capacity utilization, but they were optimistic that conditions would improve in the coming months. The growth rate of prices paid (1.73 from 1.55) by manufacturing firms rose in December, while that of prices received fell (1.6 from 1.8).
Richmond Fed Manufacturing Index in the United States averaged 2.72 points from 1993 until 2019, reaching an all time high of 27 points in March of 2004 and a record low of -44 points in February of 2009. This page provides - United States Richmond Fed Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Federal Reserve Bank of Richmond
Richmond Fed Manufacturing Index in the United States is expected to be -6.00 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 1.00 in 12 months time. In the long-term, the United States Richmond Fed Manufacturing Index is projected to trend around 3.00 points in 2020, according to our econometric models.