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Fifth District manufacturing activity weakened in December, according to the latest survey from the Richmond Fed. The composite index dropped from 14 in November to 8 in December, weighed down by drops in the indexes for new orders and shipments. At 25, the shipments index was its lowest reading since April 2009.
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At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for November. This is the last of the regional Fed manufacturing surveys for November. At 12:00 PM, Speech by Fed Chair Jerome Powell, The Federal Reserve’s Framework for monitoring financial stability, At The Economic Club of New York Signature Luncheon, New York, New York
posted on 25 june 2019. june 2019 Richmond Fed Manufacturing Survey Growth Weak . Of the four regional Federal Reserve manufacturing surveys released to date, three are in expansion.
Wednesday: At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for May. This is the last of regional manufacturing surveys for May.
Texas manufacturing outlook survey. The Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state’s factory activity. Firms are asked whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged over the previous month.
I would expect slowing of the Federal Reserve’s manufacturing index. The market expectations from Econoday was -10 to +3 (consensus -3). The actual survey value was -2 [note that values above zero represent expansion]. Fifth District manufacturing activity was soft in January, according to the latest survey from the Richmond Fed.
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Looking forward, we estimate Richmond Fed Manufacturing Index in the United States to stand at -10.00 in 12 months time. In the long-term, the United States Richmond Fed Manufacturing Index is projected to trend around 3.00 Index Points in 2020, according to our econometric models.
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What happened: The survey found that the economy expanded at modest pace from mid-May through early July, little changed from.