Richmond Fed manufacturing index for January 14 vs 19 expected

Prior month at 20

The Richmond Fed manufacturing index for the month of January came in a 14 versus 19 expected.

• Shipments come in at 15 versus 24 in December
• New orders 16 verses 16 last month
• Backlog of orders 5 versus -4 last month
• Employment 10 verses 20 last month
• Capacity utilization 13 versus 16 last month
• Wages 24 versus 22 last month
• Prices paid 1.79% annualized versus 1.79% last month
• Prices received 1.18% annualized versus 1.27% last month

The Richmond Fed covers activity in the 5th Federal Reserve district which includes Washington DC, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia.

A reading above 0 indicates expansion, while a reading below 0 is contraction. The value this month is the lowest since October 2017 and off the 2017 spike high of 30.