- Prior -4
- Services index -4 vs +4 prior
- Manufacturing shipments -14 vs +4 prior
- Full report here
Fifth District manufacturing activity declined in November, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index dropped to −15 in November from −4 in October. Two of its three component indexes decreased. The shipments index fell notably to −14 from 4 and new orders decreased to −22 from −6. Meanwhile, the employment index increased slightly to −7 from −10.The local business conditions index dropped to −20 in November from −1 in October. Meanwhile, expectations for local business conditions improved as the index for future local business conditions increased to 1 from −5. The future index for shipments increased to 25 from 13 and the future index for new orders rose to 26 from 12. On the other hand, the expectations index for employment inched down to −1 from 2.The average growth rates of prices paid increased notably in November after dipping in October, while growth in prices received was nearly unchanged from October
