Richmond Fed manufacturing index for March 17 versus 16 expectations

Richmond Fed manufacturing index for March 2021

Richmond _Fed manufacturing index for March 2021
  • prior month 14
  • Richmond Fed manufacturing index 17 versus 16 expectations
  • shipments 22 versus 12 in February
  • services revenues index 16 in March versus -6 in February
  • new order 10 versus 10 last month
  • order backlog 11 versus 18 lessons
  • capacity utilization 14 versus 13 last month
  • capital expenditures 15 versus 9 last month
  • equipment and software 15 versus 5 last month
  • service expenditures 4versus -2 last month
  • number of employees 22 versus 22 last month
  • wages 26 versus 32 last month
  • availability of skills needed -19 versus -28 last month
  • average workweek 13 versus 18 last month
  • prices paid 6.15% versus 4.47% last month. Highest cents October 2018
  • prices received 3.52% versus 2.83% last month

the overall index remains fairly steady near high levels. The price indices are showing inflationary pressures from both the paid and receiving end.

The Richmond Fed accounts for about 9.1% of the nation’s gross domestic product. Report surveys manufacturers based in the Carolinas, the District of Columbia, Maryland, Virginia and West Virginia.

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