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Richmond Fed index -4 vs -4 estimate

Still negative but up from -8 last month

The Richmond Fed Manufacturing index came in as expected at -4. This was higher than the prior month at -8 but still negative indicating a contraction in manufacturing activity in the region.

  • Services revenue index +7 in October versus +13 and September
  • Shipments index +2 in October versus -4 in September
  • New orders -12 versus -7 last month
  • Order backlog -11 versus -20 last month
  • Capacity utilization -5 versus -11
  • Number of employees 3 versus -13
  • Average workweek -3 versus 1
  • Wages 18 versus 13

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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