Richmond Fed manufacturing index (February) 14 vs. 15 estimate


Richmond Fed manufacturing index for February 2021

  • prior report
  • manufacturing index 14 vs. 15 estimate. Prior month 14
  • shipments 12 vs. 10 last month
  • new orders 10 vs. 12 last month
  • backlog of orders 18 vs. 6 last month
  • capacity utilization 13 vs. 4 last month
  • number of employees 22 vs. 23 last month
  • wages 32 vs. 21 last month
  • availability of skills needed -28 vs. -24 last month
  • average workweek 18 vs. 10 last month
  • prices paid 4.47% vs. 3.11% last month
  • prices received 2.83% vs. 2.09% last month
  • capital expenditures 9 vs. 5 last month
  • finished goods inventories -3 vs. -6 last month
  • raw material inventories -8 vs. 4 last month
  • equipment and software spending 5 vs. -5 last month
  • service expenditures -2 vs. -8 last month
  • full report click here

comments from the Federal Reserve:

  • All three component
    indexes-shipments, new orders, and
    employment-remained firmly positive.
  • The
    index for vendor lead time, which hit a 25-
    year-high of 39 in January, rose further to 46
    in February.
  • Firms also reported decreased
    inventory levels, as the index for raw
    materials inventories hit a series low of −8.
  • Manufacturers were optimistic that conditions
    would improve in the coming months.
  • Many
    manufacturers increased employment and
    wages in February. However, finding workers
    with the necessary skills was difficult.
  • The average growth rates of both prices paid
    and prices received by survey participants
    rose in February, as growth of prices paid
    continued to outpace that of prices received.
    Manufacturers expected this gap to narrow in
    the near future.

Overall a steady/ report vs. the prior month.

Richmond Fed manufacturing index

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