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US Data: Richmond Fed Survey - Summary>

Release for:       October 2017
Source:  Federal Reserve Bank of Richmond
Diffusion indexes, seasonally adjusted
                                Oct-17  Sep-17  Aug-17
MANUFACTURING SECTOR INDICATORS:
Now vs. a month ago:
 Manufacturing Index                 12      19      14
  Shipments                           9      22       8
  Volume of new orders               17      20      17
  Backlog of orders                   7       8      11
  Capacity utilization                7      16      10
  Vendor lead time                   18      15       7
  Number of employees                10      15      17
  Average workweek                    8      16      10
  Wages                              24      17      18
Inventory levels:
 Finished gds invent/desired         14      17      15
 Raw materials invent/desired        21      26      19
Price trends:*
 Current
  Prices paid                      1.77    1.82    1.49
  Prices received                  1.21    1.24    0.91
 Six months from now
  Prices Paid                      1.95    1.93    1.43
  Prices received                  1.90    1.72    1.35
SERVICE SECTOR INDICATORS:
 Now vs. one month ago:
  Revenues (or budget)               24      22      22
RETAIL SECTOR INDICATORS:
 Now vs. one month ago:
  Sales revenues                     32      26      19
SERVICE FIRMS INDICATORS:
 Now vs. one month ago:
  Sales revenues                     23      22      21
Price trends:*
Pct chg vs. prev month, annualized
Service sector                     1.45    1.26    1.36
Retail sector                      2.31    1.81    1.56
Service ex-retail                  1.46    1.24    1.39
Pct chg expected next six months, annualized
  Service sector                   1.69    1.30    1.49
  Retail sector                    2.33    2.77    1.31
  Services ex-retail               1.69    1.34    1.54
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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