The Richmond Fed composite manufacturing index remained flat in July, recovering from a revised -9 in June. Shipments and new order volume indexes increased to 7 and -10 from -17 and -20 in June, respectively, while the employment index dropped to 8 from 16 in the previous month. In the meantime, firms expected an improvement in the next six months and expected wages to remain elevated. source: Federal Reserve Bank of Richmond
Richmond Fed Manufacturing Index in the United States averaged 3.18 points from 1993 until 2022, 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 2022.
Richmond Fed Manufacturing Index in the United States is expected to be -2.00 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.