Richmond Fed February composite index -5 versus -15 prior

  • February services and manufacturing data from the Richmond Fed
Richmond Fed
  • Prior month -15
  • Composite index -5 versus -15 last month. Best level since October last year.
  • Services index -16 verses for last month
  • Manufacturing shipments -15 versus -15 last month

Other details:

  • Employment 7 versus -15 last month
  • Wages 22 versus 30 last month.
  • Prices paid 3.52 versus 4.19 last month.
  • Prices received 2.05 versus 2.80 last month.
  • New orders -5 versus -16 last month.
  • Backlog of orders -15 versus -23 last month.
  • Capacity utilization -4 versus -27 last month.
  • Capital expenditures -7 versus 0 last month
  • Services expenditure -11 versus -12 last month.
  • Equipment and software spending zero versus 4 last month.

Forward expectations:

  • Employees 12 versus 9 last month
  • Wages 43 versus 48 last month.
  • Prices paid 3.03 versus 3.12 last month.
  • Prices received 2.08 versus 1.38 last month.
  • New orders 22 versus 20 last month.
  • Shipments 22 versus 10 last month
  • capital expenditures -5 versus nine last month.
  • Finished goods inventory five versus 10 last month.
  • Raw materials inventory six versus 10 last month.
  • Equipment and software spending -3 versus 10 last month.
  • Services expenditures -17 versus -11 last month.

Overall a better report. Forward guidance was mixed. Price data was mixed. Employment was better with or wages.

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