The Manufacturing Activity Index in the US fifth district edged higher to -9 in November of 2022 from -10 in October which was the lowest reading since May of 2020, but continued to point to softening conditions for manufacturing firms. Shipments (-8 vs -3) and employment (-1 vs 0) deteriorated slightly while new orders showed some improvement (-14 vs -22). Also, the wage index decreased notably (25 vs 34) and the local business conditions index rose to -6 from -16, with considerably fewer firms pessimistic about conditions over the next six months. Despite dramatic improvements throughout this year, supply chain issues appeared to persist for some firms, as the indexes for vendor lead time (-10 vs -15) and backlog of orders (-25 vs -28) increased slightly. Finally, prices paid (10.19 vs 12.81) decreased while prices received (9.91 vs 8.62) increased. source: Federal Reserve Bank of Richmond

Richmond Fed Manufacturing Index in the United States averaged 3.04 points from 1993 until 2022, reaching an all time high of 28.00 points in March of 2004 and a record low of -55.00 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 November of 2022.

Richmond Fed Manufacturing Index in the United States is expected to be -4.00 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 5.00 points in 2023 and 3.00 points in 2024, according to our econometric models.

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United States Richmond Fed Manufacturing Index



Calendar GMT Actual Previous Consensus TEForecast
2022-10-25 02:00 PM Oct -10 0 2
2022-11-22 03:00 PM Nov -9 -10 5
2022-12-27 03:00 PM Dec -9 -4


Related Last Previous Unit Reference
Richmond Fed Manufacturing Index -9.00 -10.00 points Nov 2022
Richmond Fed Services Index -2.00 -8.00 points Nov 2022
Richmond Fed Manufacturing Shipments -8.00 -3.00 points Nov 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-9.00 -10.00 28.00 -55.00 1993 - 2022 points Monthly
SA

News Stream
US 5th District Factory Index Remains Subdued
The Manufacturing Activity Index in the US fifth district edged higher to -9 in November of 2022 from -10 in October which was the lowest reading since May of 2020, but continued to point to softening conditions for manufacturing firms. Shipments (-8 vs -3) and employment (-1 vs 0) deteriorated slightly while new orders showed some improvement (-14 vs -22). Also, the wage index decreased notably (25 vs 34) and the local business conditions index rose to -6 from -16, with considerably fewer firms pessimistic about conditions over the next six months. Despite dramatic improvements throughout this year, supply chain issues appeared to persist for some firms, as the indexes for vendor lead time (-10 vs -15) and backlog of orders (-25 vs -28) increased slightly. Finally, prices paid (10.19 vs 12.81) decreased while prices received (9.91 vs 8.62) increased.
2022-11-22
Manufacturing Activity in 5th District Contracts Most since 2020
The Manufacturing Activity Index in the US fifth district fell to -10 in October of 2022 from 0 in in September, the lowest since May of 2022, as two of its three component indexes deteriorated notably. The indexes for shipments and volume of new orders fell from 14 and -11 in September to -3 and -22 in October, respectively. The third component, the employment index, remained unchanged at 0 in October, as hiring challenges persisted. The average growth rate of prices paid and prices received both increased again in October, after moderating in September. Expectations for both over the next 12 months also increased slightly from September.
2022-10-25
US 5th District Factory Index Stagnates in September
The Richmond Fed composite manufacturing index was at 0 in September of 2022 from -8 in the previous month. Improvement took place in the shipments subindex, rising to 14 from -8 in August and offsetting the decline in volume of new orders, which eased to -11 from -20. In the meantime, the employment index stagnated from 11 in the prior month. The wage index continued its upward momentum and jumped to 40 from 27, but the availability of skills demanded by manufacturers fell further to -6 from -3. Also, the negative gauge in local business conditions index eased to -5 from -14. On the price front, both prices paid and prices received edged down from the prior month’s values. Looking forward, expectations of conditions over the next six months improved for shipments and volumes of new orders.
2022-09-27