Richmond Fed composite index +5 in July
SPY•Notes on the survey
The Richmond Fed's composite manufacturing index draws from shipments, new orders and employment.
Index values greater than zero suggest expansion, while values less than zero indicate contraction.
The Richmond Fed manufacturing index covers activity in the fifth Federal Reserve District, which includes the District of Columbia, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia.
The fifth district produces approximately 9 percent of the nation's gross domestic product.
Richmond Fed manufacturing index rises in July
July 28 (Reuters) - Details of the Federal Reserve Bank of Richmond's monthly manufacturing index, released on Tuesday.
All data are seasonally adjusted:
| Manufacturing survey | July | June | May | 3-mo avg |
|---|---|---|---|---|
| Composite index | 5 | 4 | 9 | 6 |
| Shipments | 8 | 4 | 11 | 8 |
| New Orders | 5 | 8 | 13 | 9 |
| Backlog Orders | 4 | 3 | 4 | 4 |
| Capacity Utilization | 2 | -1 | -3 | -1 |
| Vendor Lead Time | 17 |
