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 increased to +20 in September of 2020 from +18 in the previous month. It was the highest reading since September 2018, buoyed by increases in the indicators for new orders and employment. The third component index—shipments— decreased but remained positive, suggesting continued expansion. Survey results also reflected improvement in local business conditions and increased capital spending. Overall, respondents were optimistic that conditions would continue to improve in the next six months.
Richmond Fed Manufacturing Index in the United States averaged 2.61 points from 1993 until 2020, reaching an all time high of 27 points in March of 2004 and a record low of -53 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 September of 2020. source: Federal Reserve Bank of Richmond
Richmond Fed Manufacturing Index in the United States is expected to be 10.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Richmond Fed Manufacturing Index in the United States to stand at 4.00 in 12 months time. In the long-term, the United States Richmond Fed Manufacturing Index is projected to trend around 2.50 points in 2021 and 3.00 points in 2022, according to our econometric models.