United States Richmond Fed Manufacturing Index

Last Release

Jan 31, 2025

Actual

-4

Units In

Points

-10

Frequency

Monthly

Next Release

Feb 25, 2025

Time to Release

26 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
28 Mar 2004	-45 Apr 2020	2.23 Points	1993-2025	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 Dallas Fed general business activity index for Texas’s service sector eased to 7.4 in January of 2025 from the upwardly revised, near two-year high, of 10.8 in the previous month. The ease was in line with the softening for composite business activity throughout other regions of the country, suggesting that higher rates are having an impact in business activity. In the meantime, companies raised their headcounts (2 vs -8) amid the higher demand for capacity, and wages rose sharply (22 vs 16). On the price front, input costs rose at a slower pace (2.37 vs 2.86), allowing businesses to ease the increase in their output charges (1.21 v 1.71). On the other hand, future expectations eased both for the volume of new orders (32 vs 41) and shipments (32 vs 41).