US Data: Richmond Fed Survey - Summary

Release for: June 2018

Source: Federal Reserve Bank of Richmond

Diffusion indexes, seasonally adjusted

                                          Jun-18  May-18  Apr-18

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MANUFACTURING SECTOR INDICATORS:

Now vs. a month ago:

Manufacturing Index                           20      16      -3

Shipments                                     17      15      -8

Volume of new orders                          22      16      -9

Backlog of orders                             19       7      -4

Capacity utilization                          15      19      -4

Vendor lead time                              17      17      18

Local business conditions                     11      11      -1

Capital expenditures                          26      19      31

Finished Goods Inventories                     1       8      15

Raw Materials Inventories                     20      19      17

Equipment and Software                        16      26      19

Services Expenditures                          0      11      16

Number of employees                           22      18      12

Wages                                         27      28      27

Available Skills                             -14      -3      -8

Average workweek                              12       9       8

Price trends:

Current

Prices paid                                 3.52    2.63    2.43

Prices received                             1.86    1.75    1.46

Six months from now

Prices Paid                                 1.97    2.18    2.52

Prices received                             1.48    1.74    1.91

SERVICE SECTOR INDICATORS:

Now vs. one month ago:

Revenues (or budget)                          21      11       2

Price trends:

Current

Prices paid                                 2.52    2.14    1.76

Prices received                             2.07    1.32    1.59

Six months from now

Prices Paid                                 2.90    2.52    2.14

Prices received                             2.50    1.75    2.06

     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 (973) 494-2611; email: harrison.clarke@marketnews.com

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