Richmond Fed composite index -10 versus -10 estimate

• Prior month -14

• Manufacturing Exercise: Remained in contractionary territory; composite index rose to -10 in December (from -14 in November). Est. -10
• Element Indexes:
  • Shipments: -11 vs -12 final month
  • Employment: -Eight vs -10 final month
  • New Orders: Improved to -11 vs -19 final month
• Native Enterprise Situations: Index improved to zero (from -14); future native enterprise circumstances elevated to 40 (from 31).
• Future Expectations: Future indexes for shipments and new orders moved additional into constructive territory, signaling anticipated enhancements within the subsequent six months.
• Vendor Lead Time: Index elevated to 11 (from four).
• Backlogs: Fewer corporations reported reducing backlogs; index improved to -13 (from -27).
• Costs:
  • Costs Paid: Progress price elevated barely.
  • Costs Obtained: Progress price decreased.
  • 12-Month Expectations: Companies anticipated progress in each costs paid and costs obtained.

This text was written by Emma Wang at www.ubaidahsan.com.



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