US Data: Richmond Fed Survey - Summary

Release for: March 2018

Source: Federal Reserve Bank of Richmond

Diffusion indexes, seasonally adjusted

                                    Mar-18  Feb-18  Jan-18

----------------------------------------------------------

MANUFACTURING SECTOR INDICATORS:

Now vs. a month ago:

Manufacturing Index                     15      28      14

Shipments                               15      31      15

Volume of new orders                    17      27      16

Backlog of orders                       10      18       5

Capacity utilization                    13      32      13

Vendor lead time                        16      18      18

Local business conditions                7      29      13

Capital expenditures                    16      28      18

Finished Goods Inventories               5      17      17

Raw Materials Inventories               17      23      14

Equipment and Software                  16      27      22

Services Expenditures                   18      10       8

Number of employees                     11      25      10

Wages                                   22      23      24

Available Skills                        -6     -17     -10

Average workweek                        12      28       2

Price trends:

Current

Prices paid                           2.39    1.89    1.79

Prices received                       1.54    1.57    1.18

Six months from now

Prices Paid                           2.59    2.69    2.33

Prices received                       1.84    1.74    1.58

SERVICE SECTOR INDICATORS:

Now vs. one month ago:

Revenues (or budget)                    25      27      20

Price trends:

Current

Prices paid                           1.84    1.88    2.22

Prices received                       1.39    1.72    1.55

Six months from now

Prices Paid                           2.15    2.31    1.86

Prices received                       1.83    2.23    1.92

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; +1 202-371-2121; email: holly.stokes@marketnews.com

[TOPICS: MTABLE,MAUDA$,M$U$$$]