January 28, 2025 at 02:59PM
15 consecutive negative numbers for the Richmond Fed
Prior month -10
Composite index -4 vs -13 estimate
Services index 4 vs 23 last month
Manufacturing shipments -9 vs -11 last month
Employment 3 vs -8 last month
New Orders -4 vs -11 last month
Prices Paid 2.37 vs 2.86 last month
Prices received 1.21 vs 1.71 last month
Good news on prices. Mixed otherwise.
6 month forward:
Shipments 32 versus 41 last month
new orders 31 versus 43 last month.
Employment 12 versus nine last month
Prices paid 4.08 versus 3.78 last month.
Prices received 3.06 versus 2.91 last month
Below is a table of January versus December values along with the six-month expectations.
This article was written by Greg Michalowski at www.forexlive.com.