The Manufacturing Activity Index in the US fifth district including the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia fell to 15 in November of 2020 from 29 in October, reaching the lowest in 4 months. Still, it remained firmly in expansionary territory, as all three component indexes - shipments (20 vs 30), new orders (12 vs 32), and employment (13 vs 23) - had positive readings. Manufacturers reported improvement in local business conditions, but the spending indexes softened somewhat. Survey participants were optimistic about the future, expecting growth to continue in the coming months. source: Federal Reserve Bank of Richmond
Richmond Fed Manufacturing Index in the United States averaged 2.73 points from 1993 until 2020, reaching an all time high of 29 points in October of 2020 and a record low of -53 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 December of 2020.
Richmond Fed Manufacturing Index in the United States is expected to be -3.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Richmond Fed Manufacturing Index in the United States to stand at 3.00 in 12 months time. In the long-term, the United States Richmond Fed Manufacturing Index is projected to trend around 2.50 points in 2021 and 3.00 points in 2022, according to our econometric models.