US Data: Richmond Fed Survey - Summary>

Release for:       April 2018

Source:  Federal Reserve Bank of Richmond

Diffusion indexes, seasonally adjusted

                                Apr-18  Mar-18  Feb-18

MANUFACTURING SECTOR INDICATORS:

Now vs. a month ago:

 Manufacturing Index                 -3      15      28

  Shipments                          -8      15      31

  Volume of new orders               -9      17      27

  Backlog of orders                  -4      10      18

  Capacity utilization               -4      13      32

  Vendor lead time                   18      16      18

  Local business conditions          -1       7      29

  Capital expenditures               31      16      28

  Finished Goods Inventories         15       5      17

  Raw Materials Inventories          17      17      23

  Equipment and Software             19      16      27

  Services Expenditures              16      18      10

  Number of employees                12      11      25

  Wages                              27      22      23

  Available Skills                   -8      -6     -17

  Average workweek                    8      12      28

Price trends:

 Current

  Prices paid                      2.43    2.39    1.89

  Prices received                  1.46    1.54    1.57

 Six months from now

  Prices Paid                      2.52    2.59    2.69

  Prices received                  1.91    1.84    1.74

SERVICE SECTOR INDICATORS:

 Now vs. one month ago:

  Revenues (or budget)                2      25      27

Price trends:

 Current

  Prices paid                      1.76    1.84    1.88

  Prices received                  1.59    1.39    1.72

 Six months from now

  Prices Paid                      2.14    2.15    2.31

  Prices received                  2.06    1.83    2.23

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.

  ** MNI Washington Bureau (202) 371-2121 **

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