Richmond Fed better than expectations at 14 vs 6 estimate (last month at 7).

Shipments 18 vs 2 last
New Orders 13 vs 11 last
Order Backlog 2 vs 4
Cap Util 15 vs 6 last
Vendor Lead time 8 vs 11 last
No. of Employees 10 vs 6 last
Avg Workweek 3 vs 2 last
Wages 14 vs 11 last

The index peaked at 20 in February. Employment and New orders good news, however the values are both lower then February’s highs of 13 and 21 respectively.