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United States Richmond Fed Manufacturing Index

Discussion in 'Market News' started by Jonathan, Oct 28, 2015.

  1. Jonathan

    Jonathan Forum Member

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    The Richmond Fed Manufacturing PMI Index in the United States came in at -1 in October from -5 in September of 2015. Manufacturing activity in Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia shrank for the second straight month as order backlogs and shipments declined, while new orders leveled off. Manufacturing employment remained soft. Richmond Fed Manufacturing Index in the United States averaged 1.56 Index Points from 1993 until 2015, reaching an all time high of 27 Index Points in April of 2010 and a record low of -42 Index Points in February of 2009. Richmond Fed Manufacturing Index in the United States is reported by the Federal Reserve Bank of Richmond. The Richmond Manufacturing Index measures the conditions of the manufacturing sector for the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. The index is derived from a survey of 190 manufacturing plants and based on three individual index with the following weights: Shipments (33 percent), New Orders (40 percent) and Employment (27 percent). The index can range between +100 and -100; a reading above zero indicates expansion, while below zero suggests a contraction. This page provides - United States Richmond Fed Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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