Richmond Fed manufacturing index for January 14 vs 19 expected

Author: Greg Michalowski | Category: News

Prior month at 20

The Richmond Fed manufacturing index for the month of January came in a 14 versus 19 expected.  

  • Shipments come in at 15 versus 24 in December
  • New orders 16 verses 16 last month
  • Backlog of orders 5 versus -4 last month
  • Employment 10 verses 20 last month 
  • Capacity utilization 13 versus 16 last month
  • Wages 24 versus 22 last month
  • Prices paid 1.79% annualized versus 1.79% last month
  • Prices received 1.18% annualized versus 1.27% last month
The Richmond Fed covers activity in the 5th Federal Reserve district which includes Washington DC, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia.  

A reading above 0 indicates expansion, while a reading below 0 is contraction.  The value this month is the lowest since October 2017 and off the 2017 spike high of 30. 

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