Highlights of the Richmond-area manufacturing sentiment survey:

  • Prior was +6 (revised to +7)
  • Shipments +16 vs +5 in June
  • Revenues +32 vs +16
  • New orders +11 vs +2 prior
  • Employment +4 vs +3
  • Wages +17 vs +20
  • Prices paid +0.92% vs +0.70% (annualized)

There is some good news here but the soft consumer confidence reading is drowning it out and hurting the US dollar.