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US Data: Richmond Fed Survey - Summary

Release for: July 2018
Source: Federal Reserve Bank of Richmond
Diffusion indexes, seasonally adjusted
----------------------------------------------------------------
                                          Jul-18  Jun-18  May-18
MANUFACTURING SECTOR INDICATORS:
Now vs. a month ago:
Manufacturing Index                           20      21      17
Shipments                                     16      17      17
Volume of new orders                          22      22      16
Backlog of orders                              4      20      10
Capacity utilization                           8      20      19
Vendor lead time                              17      18      19
Local business conditions                     18      13      14
Capital expenditures                          25      26      23
Finished Goods Inventories                    10       2       7
Raw Materials Inventories                     20      19      20
Equipment and Software                        18      17      24
Services Expenditures                          6       1      11
Number of employees                           22      23      18
Wages                                         22      27      27
Available Skills                             -16     -13      -4
Average workweek                              10      11      11
Price trends:
Current
Prices paid                                 3.54    3.14    2.77
Prices received                             2.24    1.72    1.76
Six months from now
Prices Paid                                 2.84    2.00    2.40
Prices received                             2.74    1.46    1.92
SERVICE SECTOR INDICATORS:
Now vs. one month ago:
Revenues (or budget)                          23      19      16
Price trends:
Current
Prices paid                                 2.75    2.55    2.18
Prices received                             2.29    2.09    1.33
Six months from now
Prices Paid                                 2.98    2.80    2.44
Prices received                             2.55    2.37    1.60
     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; +1 202-372-2121; email: shikha.dave@marketnews.com
[TOPICS: MTABLE,MAUDA$,M$U$$$]

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