Richmond Fed services index -23 versus -17 last month.Composite index -10 vs -5 last month

• Prior month manufacturing 2
• Manufacturing shipments index -7 versus 2 last month
• Services index -23 versus -17 last month
• Composite manufacturing index -10 versus -5 last month

Not a good report. Prices higher too.

Highlights:

• prices paid 7.57 versus 6.24 last month
• prices received 5.63 versus 5.59 last month
• employment 0 versus -5 last month
• wages 25 versus 27 last month
• availability of skills -12 versus -3 last month
• new orders -20 versus -11 last month

Expectations 6 months forward highlights:

• shipments 9 versus 25 last month
• new orders -2 versus 4 last month
• backlog of orders -21 versus -13 last month
• employment 11 versus 7 last month
• wages 40 versus 49 last month
• prices paid 3.2 versus 3.53 last month
• prices received 2.6 versus 2.01 last month

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term