Richmond Fed manufacturing index for October 2019
- Prior month -9
- shipments 4 versus -14 in September
- new orders 7 versus -14 in September
- number of employees 13 versus 3 in September
- average workweek 10 versus -10 in September
- wages 15 versus 24 in September
- backlog orders 6 versus -11 in September
- vendor leadtime -3 versus 7 in September
- finished goods inventories 5 versus 13 in September
- raw material inventories 19 versus 24 in September
- price is paid 2.4% versus 2.68%*
- prices received 1.71% versus 2.59%*
- the index is at the highest level since April when it reached 9.0.
- The low for 2019 reached -12 in July
- The high for 2019 reached 14 and February
* percent change in prices from the previous month (annualized)
The Richard Fed composite manufacturing index draws from shipments, new orders and employment
Index values greater than 0 suggest expansion, while values less than 0 indicate contraction
The index covers activity in the 5th Federal Reserve district which includes the District of Columbia, Maryland, Virginia, North Carolina, South Carolina, and most of West Virginia
