- Richmond Fed Composite Index: actual -11; forecast -3, previous -5
Manufacturing activity in the Fifth District slowed in December, with the composite manufacturing index falling further into negative territory, from −5 in November to −11. This decline was reflected in drops across shipments, new orders, and employment. Despite a slight improvement, firms' outlook on local business conditions remained pessimistic. While most firms reported decreasing backlogs, vendor lead times saw their first positive reading since June 2022. Additionally, both current and expected price growth rates increased slightly in December.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
