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.

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United States Richmond Fed Manufacturing Index


Calendar GMT Actual Previous Consensus TEForecast
2021-09-28 02:00 PM Sep -3 9 11
2021-10-26 02:00 PM Oct 12 -3 -2
2021-11-23 03:00 PM Nov 12


News Stream
US 5th District Factory Index Rebounds Firmly in October
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.
2021-10-26
Fifth District Manufacturing Activity Falls in September
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 dropped to -3 in September 2021, its lowest level since May 2020. The indexes for shipments and new orders declined to -1 and -19, respectively, also the lowest readings in 16 months. Meanwhile, the gauge for employment rose 2 points to +20. Manufacturers continued to see low inventories, lengthening lead times and backlogs of orders. In addition, firms reported weakening local business conditions, but they were optimistic that conditions would improve in the next six months.
2021-09-28
US Fifth District Factory Index at Over 1-Year Low
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 slipped to 9 in August of 2021 from 27 in July and defying market expectations of 25. It was the lowest reading since July of 2020 as shipments, new orders, and employment decreased but remained positive. Several manufacturers reported deteriorating local business conditions. Survey contacts also noted that lead times continued to increase and inventories remained low but overall were optimistic that conditions would improve in the next six months. Also, survey results suggested that many firms increased employment and wages in August, as the wage index hit a record high. Firms struggled to find workers with the necessary skills, and they expected these trends to continue in the coming months.
2021-08-24

United States Last Unit Reference Previous Highest Lowest
Richmond Fed Manufacturing Index 12.00 points Oct/21 -3.00 28.00 -45.00


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.