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.

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United States Richmond Fed Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
27.00 26.00 28.00 -45.00 1993 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-27 02:00 PM Apr 17 17 19
2021-05-25 02:00 PM May 18 17 15
2021-06-22 02:00 PM Jun 22 18 16
2021-07-27 02:00 PM Jul 27 26 21
2021-08-24 02:00 PM Aug
2021-09-28 02:00 PM Sep
2021-10-26 02:00 PM Oct
2021-11-23 03:00 PM Nov


News Stream
US Fifth District Factory Index Strengthens to Highest Since 2004
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.
2021-07-27
US Fifth District Factory Index Rises to 8-Month High
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 22 in June of 2021 from 18 in May. It was the highest reading since October 2020, driven by an increase in the new orders index (35 vs 18 in May), while the other two component indexes, shipments (8 vs 12) and employment (19 vs 25) also remained in expansionary territory. Survey results indicated that many manufacturers increased employment and wages in June and expected further increases in the next six months. Firms struggled to find workers with the necessary skills, a difficulty that manufacturers expected to continue. Overall, respondents saw improvement in local business conditions and were optimistic that conditions would continue to improve in the coming months.
2021-06-22
US Fifth District Factory Index at 5-Month High
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 inched up to 18 in May of 2021 from 17 in each of the previous two months. It was the highest reading since December 2020, reflecting growth in all three component indexes: shipments (12 vs 16), new orders (18 vs 16), and employment (25 vs 19). Survey results indicated that many firms increased employment and wages in May. However, they struggled to find workers with the necessary skills, as this index dropped to its lowest value on record. Survey respondents expected workers to remain difficult to find and employment and wages to increase further in the next six months.
2021-05-25
Fifth District Manufacturing Activity Grows in April
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 was unchanged at 17 in April 2021, indicating continued growth, as all three component indexes remained positive: shipments (16 vs 22 in March); new orders (16 vs 10); and employment (19 vs 22). Survey responses indicated supply constraints, with the backlog of orders and vendor lead time indexes registering historic highs. Meanwhile, inventories shrank as the indexes for inventories of finished goods and raw materials reached their lowest values on record. Looking ahead, manufacturers were optimistic that conditions would continue to improve in the coming months.
2021-04-27

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.