Richmond Fed manufacturing index for May -9 vs. +9 estimate

• Richmond Fed manufacturing index -9 vs. +9 estimate. Down from 14.0 last month.
• services index 8 vs. 13 previously
• manufacturing shipments for May -14 vs. 17 previously
• new orders -16 vs. 6 last month
• backlog of orders -15 vs. 6 last month
• employment 8 vs. 22 last month
• wages 41 vs. 41 last month
• availability of skills needed -24 vs. -15 last month
• average workweek -1 vs. 18 last month
• prices paid 15.13 vs. 11.83 last month
• prices received 9.57 vs. 80.93 last month

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/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term