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 went up to 27 in July of 2021 from an upwardly revised 26 in June. It was the highest reading since March 2004, buoyed by increases in the shipments and employment indexes. On the other hand, new orders declined but remained in expansionary territory. The indexes for inventories of raw materials and of finished goods declined, as both of these indexes hit record lows, and vendor lead times continued to lengthen. Manufacturers were optimistic that business conditions would improve further in the coming months. Survey results indicated that many firms increased employment and wages in July, but they struggled to find workers with the necessary skills. Survey respondents expected these trends to continue in the next six months. source: Federal Reserve Bank of Richmond
Richmond Fed Manufacturing Index in the United States averaged 3.11 points from 1993 until 2021, reaching an all time high of 28 points in March of 2004 and a record low of -45 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 August of 2021.
Richmond Fed Manufacturing Index in the United States is expected to be 3.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Richmond Fed Manufacturing Index is projected to trend around 2.50 points in 2022 and 3.00 points in 2023, according to our econometric models.