United States Richmond Fed Manufacturing Index

Last Release

Dec 31, 2024

Actual

-10

Units In

Points

-14

Frequency

Monthly

Next Release

Jan 28, 2025

Time to Release

1 Months 2 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
28 Mar 2004	-45 Apr 2020	2.25 Points	1993-2024	Federal Reserve Bank of Richmond

The Richmond Manufacturing Index measures the conditions of the manufacturing sector for the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. The index is derived from a survey of 190 manufacturing plants and based on three individual index with the following weights: Shipments (33 percent), New Orders (40 percent) and Employment (27 percent). The index can range between +100 and -100; a reading above zero indicates expansion, while below zero suggests a contraction.

Latest Updates

The composite manufacturing index in the US Fifth District rose to -10 in December 2024 from -14 in November, signaling a slight improvement. Among its components, shipments and employment were stable, while new orders improved from -19 to -11. The local business conditions index reached 0, up from -14, and expectations for future business conditions rose from 31 to 40, showing optimism for the next six months. Future shipments and new orders also turned more positive. The vendor lead time index increased from 4 to 11, and fewer firms reported declining backlogs, with that index improving to -13 from -27. Price trends showed mixed results: the growth rate of prices paid edged up slightly, while prices received slowed. However, firms anticipated faster growth in both prices paid and received over the next year.