The Federal Reserve's Fifth District manufacturing index fell to -10 in February of 2025 from -6 in the previous month, the lowest in three months and missing expectations that it would improve to -4. The result reflected 12 months of negative readings, aligned with pessimistic signals from other regions of the US as tariffs magnified higher producer inflation to dent sentiment among goods producers. Shipments fall further (.13 vs .5 in January) as new orders dropped (-9 vs -6), even though companies continued to run through their order backlogs (-15 vs -13). In turn, prices paid remained elevated but at a softer pace than in the previous month (6.25 vs 7.06). source: Federal Reserve Bank of Richmond

Richmond Fed Manufacturing Index in the United States decreased to -10 points in February from -6 points in January of 2026. Richmond Fed Manufacturing Index in the United States averaged 1.82 points from 1993 until 2026, reaching an all time high of 27.00 points in March of 2004 and a record low of -54.00 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 February of 2026.

Richmond Fed Manufacturing Index in the United States decreased to -10 points in February from -6 points in January of 2026. 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 3.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-27 03:00 PM
Richmond Fed Manufacturing Index
Jan -6 -7 -8 -3
2026-02-24 03:00 PM
Richmond Fed Manufacturing Index
Feb -10 -6 -4 -8
2026-03-24 02:00 PM
Richmond Fed Manufacturing Index
Mar -10 -2


Related Last Previous Unit Reference
Richmond Fed Manufacturing Index -10.00 -6.00 points Feb 2026
Richmond Fed Manufacturing Shipments Index -13.00 -5.00 points Feb 2026
Richmond Fed Services Index -8.00 -3.00 points Feb 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
-10.00 -6.00 27.00 -54.00 1993 - 2026 points Monthly
SA

News Stream
5th District Manufacturing Falls Further
The Federal Reserve's Fifth District manufacturing index fell to -10 in February of 2025 from -6 in the previous month, the lowest in three months and missing expectations that it would improve to -4. The result reflected 12 months of negative readings, aligned with pessimistic signals from other regions of the US as tariffs magnified higher producer inflation to dent sentiment among goods producers. Shipments fall further (.13 vs .5 in January) as new orders dropped (-9 vs -6), even though companies continued to run through their order backlogs (-15 vs -13). In turn, prices paid remained elevated but at a softer pace than in the previous month (6.25 vs 7.06).
2026-02-24
US 5th District Manufacturing Sentiment Improves
The Federal Reserve's Fifth District manufacturing index inched higher by one point from the previous month to -6 in January of 2026, the highest in four months, and ahead of the market consensus of a slight decrease to -8. Still, the result reflected an 11th consecutive month of pessimism on the district's goods producing sector. The drop in shipments softened (-5 vs -11 in December 2025) with support from a slower drop in new orders (-6 vs -8) and a faster depletion of backlog of orders (-13 vs -7). In the meantime, employment levels were seen lower (-6 vs -7) and wage growth fell (14 vs 24). Meanwhile, prices paid for inputs rose faster (7.06 vs 6.53), although competition prevented firms from passing those on to clients as output charges slowed (4.58 vs 4.98). Meanwhile, the expectations index for both shipments (34 vs 28) and new order volumes (36 vs 27) improved.
2026-01-27
5th District Manufacturing Slows Decline
The Federal Reserve's Fifth District manufacturing index rose to -7 in December of 2025 from -15 in the previous month, in line with market expectations. The decline in the current survey for shipments softened (-11 vs -14 in November) amid an improvement in firms' new orders (-8 vs -22), allowing for a slower depletion of order backlogs (-7 vs .23. In the meantime, the drop in employment was nearly erased (-1 vs -7), although wages continued to expand sharply (24 vs 24). Looking ahead, improvements were noted in the outlook of new orders (28 vs 25) and new orders (27 vs 26).
2025-12-23