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US Data: Richmond Fed Survey - Summary>

Release for:       January 2018
Source:  Federal Reserve Bank of Richmond
Diffusion indexes, seasonally adjusted
                                Jan-18  Dec-17  Nov-17
MANUFACTURING SECTOR INDICATORS:
Now vs. a month ago:
 Manufacturing Index                 14      20      30
  Shipments                          15      24      33
  Volume of new orders               16      16      35
  Backlog of orders                   5      -4      21
  Capacity utilization               13      16      19
  Vendor lead time                   18       6      18
  Number of employees                10      20      18
  Average workweek                    2       8      17
  Wages                              24      22      21
Inventory levels:
 Finished gds invent/desired         17      17       9
 Raw materials invent/desired        14      24      20
Price trends:*
 Current
  Prices paid                      1.79    1.79    2.04
  Prices received                  1.18    1.27    1.63
 Six months from now
  Prices Paid                      2.33    2.10    1.78
  Prices received                  1.58    2.02    1.60
SERVICE SECTOR INDICATORS:
 Now vs. one month ago:
  Revenues (or budget)               20      25      30
RETAIL SECTOR INDICATORS:
 Now vs. one month ago:
  Sales revenues                    -18      18      26
SERVICE FIRMS INDICATORS:
 Now vs. one month ago:
  Sales revenues                     26      24      31
Price trends:*
Pct chg vs. prev month, annualized
Service sector                     1.55    1.43    1.54
Retail sector                      1.94   -0.07    1.65
Service ex-retail                  1.52    1.34    1.52
Pct chg expected next six months, annualized
  Service sector                   1.92    1.71    1.55
  Retail sector                    1.82    1.37    1.96
  Services ex-retail               1.91    1.69    1.51
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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