Richmond Fed manufacturing index for March 15 vs. 22 estimate

Last month 28

The Richmond Fed Manufacturing index came in weaker than expected.

• The manufacturing index came in at 15 versus 22 estimate
• Services revenue index 25 in March versus 27 in February
• Manufacturing shipment index 15 versus 31 in February

Below is a table of the pieces for the current activity index and the expectations. The current conditions trends are lower vs a month ago, but the expectations are higher (red is lower/green is higher)