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US Data: Richmond Fed Survey - Summary

Release for: December 2017
Source: Federal Reserve Bank of Richmond
Diffusion indexes, seasonally adjusted
                                                Dec-17  Nov-17  Oct-17
----------------------------------------------------------------------
MANUFACTURING SECTOR INDICATORS:
Now vs. a month ago:
Manufacturing Index                                 20      30      12
Shipments                                           24      33       9
Volume of new orders                                16      35      17
Backlog of orders                                   -4      21       7
Capacity utilization                                16      19       7
Vendor lead time                                     6      18      18
Number of employees                                 20      18      10
Average workweek                                     8      17       8
Wages                                               22      21      24
Inventory levels:
Finished gds invent/desired                         17       9      14
Raw materials invent/desired                        24      20      21
Price trends:*
Current
Prices paid                                       1.79    2.04    1.77
Prices received                                   1.27    1.63    1.21
Six months from now
Prices Paid                                       2.10    1.78    1.95
Prices received                                   2.02    1.60    1.90
SERVICE SECTOR INDICATORS:
Now vs. one month ago:
Revenues (or budget)                                25      30      24
RETAIL SECTOR INDICATORS:
Now vs. one month ago:
Sales revenues                                      18      26      32
SERVICE FIRMS INDICATORS:
Now vs. one month ago:
Sales revenues                                      24      31      23
Price trends:*
Pct chg vs. prev month, annualized
Service sector                                    1.43    1.54    1.45
Retail sector                                    -0.07    1.65    2.31
Service ex-retail                                 1.34    1.52    1.46
Pct chg expected next six months, annualized
Service sector                                    1.71    1.55    1.69
Retail sector                                     1.37    1.96    2.33
Services ex-retail                                1.69    1.51    1.69
     The manufacturing index is a guage of broad activity in the District's  
 manufacturing sector. It is a composite index representing a weighted  
 average of the shipments (33%), new orders (40%) and employment (27%)  
 indexes.                                                               
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; tel: +1 202-371-2121; email: kevin.kastner@marketnews.com
[TOPICS: MTABLE,MAUDA$,M$U$$$]

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