Last month 29. Weaker than expectations
The Richmond Fed Manufacturing Index for the month of October is coming in weaker than expectations:
- Richmond Fed manufacturing index 15 versus 24 expectations. It is also lower than last month's 29 reading
- manufacturing shipments 7 versus 33 in September
- services revenue index -1 versus +18 September
- new orders 20 versus 34
- employment 19 versus 16
- backlog orders 13 verses 20
- capacity utilization 20 versus 20
- vendor leadtime 23 versus 32
- average workweek 16 verses 19
- wages 28 versus 33
- prices paid +5.68% from prior month
- prices received +2.84% from prior month
