Up from last months -2 reading
The Richmond Fed came in at 16 vs 5 estimate.
- Last month the index felll below the 0 level at -2
- shipments, +12 versus -8 January
- Richmond Fed services revenue index 17 versus +6 January
- new orders 19 versus -11 last month
- number of employees 15 versus 19 last month
- average work week 17 versus 3 last month
- order backlog -7 versus -21 last month
- capital expenditures 8 versus 9 last month
- equipment and software 12 versus 8 last month
- service expenditures -4 versus +6 last month
Overall a nice rebound off of the sharp fall last month.
