US Data: Richmond Fed Survey - Summary>

Release for:       November 2017

Source:  Federal Reserve Bank of Richmond

Diffusion indexes, seasonally adjusted

                                Nov-17  Oct-17  Sep-17

MANUFACTURING SECTOR INDICATORS:

Now vs. a month ago:

 Manufacturing Index                 30      12      19

  Shipments                          33       9      22

  Volume of new orders               35      17      20

  Backlog of orders                  21       7       8

  Capacity utilization               19       7      16

  Vendor lead time                   18      18      15

  Number of employees                18      10      15

  Average workweek                   17       8      16

  Wages                              21      24      17

Inventory levels:

 Finished gds invent/desired          9      14      17

 Raw materials invent/desired        20      21      26

Price trends:*

 Current

  Prices paid                      2.04    1.77    1.82

  Prices received                  1.63    1.21    1.24

 Six months from now

  Prices Paid                      1.78    1.95    1.93

  Prices received                  1.60    1.90    1.72

SERVICE SECTOR INDICATORS:

 Now vs. one month ago:

  Revenues (or budget)               30      24      22

RETAIL SECTOR INDICATORS:

 Now vs. one month ago:

  Sales revenues                     26      32      26

SERVICE FIRMS INDICATORS:

 Now vs. one month ago:

  Sales revenues                     31      23      22

Price trends:*

Pct chg vs. prev month, annualized

Service sector                     1.54    1.45    1.26

Retail sector                      1.65    2.31    1.81

Service ex-retail                  1.52    1.46    1.24

Pct chg expected next six months, annualized

  Service sector                   1.55    1.69    1.30

  Retail sector                    1.96    2.33    2.77

  Services ex-retail               1.51    1.69    1.34

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$, MAUZ7$]