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US August Richmond Fed composite index -7 vs -9 prior

US August Richmond Fed composite index -7 vs -9 prior

News
Adam Button
22/08/2023 | 13:59 GMT
  • Richmond Fed index for August 2023
Richmond Fed
  • Prior month -9
  • Shipments index -5 versus -6 in July
  • Services index +4 versus -2 in July
  • employment -3 versus +5 in July
  • wages +22 versus +19 in July
  • prices paid 3.17 versus 4.07 in July
  • prices received 3.11 versus 4.01 in July
  • New orders -11 vs -20 prior
  • Expectations of new orders +22 vs +9 prior

Manufacturing in the US continues to struggle but there is some improvement in new orders so 2024 may look better.

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