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 jumped to a 3-month high of 12 in October 2021, rebounding from -3 in September, which was the lowest since May 2020. Support came from the three the indexes, namely shipments (1 from -1 in September), new orders (10 from -19) and employment (27 from 20). Meanwhile, backlogs of work (19 from 12) continued to expand and vendor lead times lengthened to unprecedented levels (67 from 59) Manufacturers continued to see low inventories of both finished goods (-11 from -14) and raw materials (-21 from -19). Finally, goods producers were optimistic that conditions would improve in the coming months but expected inventories to remain low for some time. source: Federal Reserve Bank of Richmond
Richmond Fed Manufacturing Index in the United States averaged 3.13 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 October of 2021.
Richmond Fed Manufacturing Index in the United States is expected to be 12.50 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.