The Manufacturing Activity Index in the US fifth district fell to a 4-month low of 8 in January of 2022 from 16 in December, due to declines in the indexes for new orders and employment. Survey results indicated firms continued to struggle to find the skills that they need despite solid increases in wages. The third component in the composite index, the index for shipments, increased slightly. The backlog of orders index dropped considerably, while the index for vendor lead time remained high and inventories indexes remained near historic lows. Firms’ perceptions about changes in local business conditions remained slightly negative; however, firms are optimistic about future conditions. The average growth rate of prices paid and prices received by survey participants increased in January. source: Federal Reserve Bank of Richmond

Richmond Fed Manufacturing Index in the United States averaged 3.21 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 January of 2022.

Richmond Fed Manufacturing Index in the United States is expected to be 8.50 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 5.00 points in 2023 and 3.00 points in 2024, according to our econometric models.

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United States Richmond Fed Manufacturing Index


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
8.00 16.00 28.00 -45.00 1993 - 2022 points Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-28 03:00 PM Dec 16 12 8.6
2022-01-25 03:00 PM Jan 8 16 17
2022-02-22 03:00 PM Feb 8


Related Last Previous Unit Reference
Richmond Fed Manufacturing Index 8.00 16.00 points Jan/22
Richmond Fed Services Index 4.00 12.00 points Jan/22
Richmond Fed Manufacturing Shipments 14.00 12.00 points Jan/22


News Stream
US 5th District Factory Index at 4-Month Low
The Manufacturing Activity Index in the US fifth district fell to a 4-month low of 8 in January of 2022 from 16 in December, due to declines in the indexes for new orders and employment. Survey results indicated firms continued to struggle to find the skills that they need despite solid increases in wages. The third component in the composite index, the index for shipments, increased slightly. The backlog of orders index dropped considerably, while the index for vendor lead time remained high and inventories indexes remained near historic lows. Firms’ perceptions about changes in local business conditions remained slightly negative; however, firms are optimistic about future conditions. The average growth rate of prices paid and prices received by survey participants increased in January.
2022-01-25
US 5th District Factory Index at 5-Month High
The Manufacturing Activity Index in the US fifth district rose to a 5-month high of 16 in December of 2021 from an upwardly revised 12 in November driven by increases in shipments and new orders. Employment moderated but remained in expansionary territory. Backlogs of new orders registered their second highest index value on record, as vendor lead times remained high and inventories remained low. Meanwhile, manufacturers reported continued investment spending. The average growth rate of prices paid and prices received by survey participants increased in December. Firms expect the growth rate of prices paid and prices received to slow over the next year.
2021-12-28
US Fifth District Factory Index Remains in Expansionary Territory
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 decreased to 11 in November of 2021 from a 3-month high of 12 in the previous month. All three component indexes—shipments, new orders, and employment—continued to reflect growth. Survey results suggested that many firms increased employment and wages in November, but they struggled to find workers with the necessary skills. Survey respondents expected these trends to continue in the next six months. The average growth rates of both prices paid and prices received by survey respondents declined in November but remained high. Survey participants expected price growth to slow further over the next year.
2021-11-23