Richmond Fed February manufacturing index -16 versus -5 expected | Forexlive

• Prior was -11
• Manufacturing shipments -15 vs -3 prior
• New orders -24 vs -24 prior
• Backlog of orders -29 vs -31
• Employees -7 vs -3 prior
• Prices paid 7.90 vs 7.91 prior
• Prices received 5.54 versus 6152 prior
• capacity utilization -17 versus -7 prior
• Wages 31 vs 41 prior
• vendor lead time -17 versus -13 prior
• local business conditions -13 versus -13 prior
• capital expenditures -3 versus -1 prior
• finished goods inventory 13 versus 14 prior
• raw materials inventory 21 versus 21 prior
• equipment and software spending -1 versus non-prior
• services expenditure -12 versus -10 prior

6 month of forward expectations

• shipments eight versus -7 prior
• new orders 14 versus -6 prior
• backlog of orders -7 versus -27 prior
• employee versus 16 prior
• prices paid 4.52 versus 3.96 prior
• prices received 2.85 versus 3.72 prior
• capital expenditures 4 versus 4 prior
• services expenditures -8 versus -15 prior

From the Richmond Fed:

• Of its three
  component indexes, shipments saw the largest
  change, declining notably from -3 in January to
  -15 in February. The employment index declined
  from -3 to -7 in February, while the new orders
  index remained unchanged at -24.
• The average growth rate of prices paid remained
  nearly unchanged, while the average growth rate
  of prices received decreased in February. Firms
  expect both to moderate over the next 12 months.

Inflation