The Manufacturing Activity Index in the Richmond area rose to -5 in March 2023 from -16 in the previous month, pointing to a modest improvement in business conditions. Of its three component indexes, shipments saw the largest change (up to 2 in March from -15 in February) and both the employment (-5 vs -7) and new orders (-11 vs -24) indexes improved but remained in negative territory. Firms continued to report easing of supply chain constraints as the indexes for backlogs and lead times remained negative. The average growth rate of prices paid decreased moderately, while the average growth rate of prices received changed little in March. Firms remained pessimistic about local business conditions and the index for future local business conditions edged down slightly. source: Federal Reserve Bank of Richmond
Richmond Fed Manufacturing Index in the United States averaged 2.92 points from 1993 until 2023, 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 March of 2023.
Richmond Fed Manufacturing Index in the United States is expected to be -9.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.