Richmond Fed
  • Prior month -11
  • Manufacturing index -7 versus -7 estimate (six months in a row below zero).
  • Services index -13 versus -7 last month
  • manufacturing shipments -10 versus -14 last month.
  • Employment -2 versus 0 last month.
  • Wages 16 versus 23 last month
  • prices paid 2.79 versus 3.22 last month.
  • Prices received 2.37 versus 2.23 last month.
  • New orders -9 versus -17 last month.
  • Backlog of orders -17 versus -25 last month.
  • Capacity utilization -5 versus -21 last month.
  • Capital expenditures -1 versus -9 last month.
  • Services expenditures -8 versus -17 last month.

Six-month forward:

  • Shipments 32 versus 19 last month.
  • Employment 3 versus 2 last month.
  • Wages 43 versus 44 last month.
  • Prices paid 3.29 versus 2.94 last month.
  • Prices received 2.29 versus 2.03 last month.
  • New orders 31 versus 19 last month.
  • Capital expenditures -1 versus zero last month.
  • Services expenditure -13 versus my 17 last month.

Manufacturing still week in Richmond. Prices were mixed. Shipments, new orders, backlog of orders all negative indicative of sluggish to contracting manufacturing in the region.,