The composite manufacturing index in the US Fifth District rose to -10 in December 2024 from -14 in November, signaling a slight improvement. Among its components, shipments and employment were stable, while new orders improved from -19 to -11. The local business conditions index reached 0, up from -14, and expectations for future business conditions rose from 31 to 40, showing optimism for the next six months. Future shipments and new orders also turned more positive. The vendor lead time index increased from 4 to 11, and fewer firms reported declining backlogs, with that index improving to -13 from -27. Price trends showed mixed results: the growth rate of prices paid edged up slightly, while prices received slowed. However, firms anticipated faster growth in both prices paid and received over the next year. source: Federal Reserve Bank of Richmond

Richmond Fed Manufacturing Index in the United States increased to -10 points in December from -14 points in November of 2024. Richmond Fed Manufacturing Index in the United States averaged 2.20 points from 1993 until 2024, reaching an all time high of 27.00 points in March of 2004 and a record low of -54.00 points in April of 2020. This page provides - United States Richmond Fed Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Richmond Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Richmond Fed Manufacturing Index in the United States increased to -10 points in December from -14 points in November of 2024. Richmond Fed Manufacturing Index in the United States is expected to be -8.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-26 03:00 PM
Richmond Fed Manufacturing Index
Nov -14 -14 -10 -8
2024-12-24 03:00 PM
Richmond Fed Manufacturing Index
Dec -10 -14 -9 -8
2025-01-28 03:00 PM
Richmond Fed Manufacturing Index
Jan


Related Last Previous Unit Reference
Richmond Fed Manufacturing Index -10.00 -14.00 points Dec 2024
Richmond Fed Manufacturing Shipments Index -11.00 -12.00 points Dec 2024
Richmond Fed Services Index 23.00 9.00 points Dec 2024

United States Richmond Fed Manufacturing Index
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.
Actual Previous Highest Lowest Dates Unit Frequency
-10.00 -14.00 27.00 -54.00 1993 - 2024 points Monthly
SA


News Stream
US 5th District Factory Activity Remained Soft in December
The composite manufacturing index in the US Fifth District rose to -10 in December 2024 from -14 in November, signaling a slight improvement. Among its components, shipments and employment were stable, while new orders improved from -19 to -11. The local business conditions index reached 0, up from -14, and expectations for future business conditions rose from 31 to 40, showing optimism for the next six months. Future shipments and new orders also turned more positive. The vendor lead time index increased from 4 to 11, and fewer firms reported declining backlogs, with that index improving to -13 from -27. Price trends showed mixed results: the growth rate of prices paid edged up slightly, while prices received slowed. However, firms anticipated faster growth in both prices paid and received over the next year.
2024-12-24
US 5th District Factory Activity Remains Sluggish
The composite manufacturing index in the US Fifth District was unchanged at -14 in November 2024, the same as in October and compared to forecasts of -10. The reading showed that activity remained sluggish in November, though more businesses were optimistic that conditions would improve over the next six months. Shipments (-12 vs -8), new orders (-19 vs -17), backlog of orders (-27 vs -14) and capacity utilization (-15 vs -11) worsened but increases were seen for employment (-10 vs -17) and wages (17 vs 16). On the price front, prices paid edged lower (2.48 vs 2.7) but prices received went up (2.07 vs 1.71).
2024-11-26
US 5th District Factory Activity Falls for 12th Month
The composite manufacturing index in the US Fifth District was at -14 in October of 2024, pointing to less pessimism than the -21 in the previous month, but completing twelve consecutive negative figures to mark a whole year of declining activity. The slight improvement was owed to a slowdown in the decline of new orders (-17 vs -23 in September), driving another decline in shipments (-8 vs -18) despite another month of depletion in the backlog of orders (-14 vs -16). In the meantime, capital expenditures accelerated their downturn (-23 vs -13) and the number of employees continued to decline (-17 vs -22), although wages accelerated (16 vs 15). On the price front, input costs decelerated (2.7 vs 3.4), but manufacturers still raised their output charges at a higher magnitude (1.7 vs 1.6).
2024-10-22