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US Data: Richmond Fed Survey - Summary>

Release for:       September 2017
Source:  Federal Reserve Bank of Richmond
Diffusion indexes, seasonally adjusted
                                Sep-17  Aug-17  Jul-17
MANUFACTURING SECTOR INDICATORS:
Now vs. a month ago:
 Manufacturing Index                 19      14      14
  Shipments                          22       8      13
  Volume of new orders               20      17      18
  Backlog of orders                   8      11      11
  Capacity utilization               16      10       9
  Vendor lead time                   15       7       7
  Number of employees                15      17      10
  Average workweek                   16      10       9
  Wages                              17      18      17
Inventory levels:
 Finished gds invent/desired         17      15      17
 Raw materials invent/desired        26      19      17
Price trends:*
 Current
  Prices paid                      1.82    1.49    1.78
  Prices received                  1.24    0.91    0.99
 Six months from now
  Prices Paid                      1.93    1.43    1.55
  Prices received                  1.72    1.35    1.36
SERVICE SECTOR INDICATORS:
 Now vs. one month ago:
  Revenues (or budget)               22      22      12
RETAIL SECTOR INDICATORS:
 Now vs. one month ago:
  Sales revenues                     26      19      24
SERVICE FIRMS INDICATORS:
 Now vs. one month ago:
  Sales revenues                     22      21      11
Price trends:*
Pct chg vs. prev month, annualized
Service sector                     1.26    1.36    1.34
Retail sector                      1.81    1.56   -2.72
Service ex-retail                  1.24    1.39    1.41
Pct chg expected next six months, annualized
  Service sector                   1.30    1.49    1.56
  Retail sector                    2.77    1.31    0.60
  Services ex-retail               1.34    1.54    1.59
Each index equals the percentage reporting increase minus the
 percentage reporting decrease.
All firms surveyed are located within the Fifth Federal Reserve
 District, which includes the District of Columbia, Maryland, North
 Carolina, South Carolina, Virginia, and most of West Virginia.
*Price trends reflect respondents' beliefs/expectations for
 price changes on an annualized basis
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$, MAUZ7$]

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