US Richmond Manufacturing Index
Track the US Richmond Manufacturing Index to gauge regional economic health and manufacturing trends.
Overview
A value above 0 signifies improving conditions, while a value below indicates deteriorating conditions. This indicator typically has a limited impact due to the presence of earlier regional signals related to manufacturing activities.
Key Information
What it Measures
This represents the level of a composite index derived from surveys of manufacturers in Richmond.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is favorable for the currency.
Source & Frequency
Federal Reserve Bank of Richmond (latest release) - https://www.richmondfed.org/ • This data is released monthly, specifically on the fourth Tuesday of the current month.
How Data is Derived
Survey of about 75 manufacturers in the Richmond area which asks respondents to rate the relative level of business conditions including shipments, new orders, and employment
Also Known As
Richmond Fed Index, Manufacturing Activity Index, Composite Manufacturing Index
Acronym
N/A