Richmond Fed services index -23 versus -17 last month.Composite index -10 vs -5 last month | Forexlive

• Prior month manufacturing 2
• Manufacturing shipments index -7 versus 2 last month
• Services index -23 versus -17 last month
• Composite manufacturing index -10 versus -5 last month

Not a good report. Prices higher too.

Highlights:

• prices paid 7.57 versus 6.24 last month
• prices received 5.63 versus 5.59 last month
• employment 0 versus -5 last month
• wages 25 versus 27 last month
• availability of skills -12 versus -3 last month
• new orders -20 versus -11 last month

Expectations 6 months forward highlights:

• shipments 9 versus 25 last month
• new orders -2 versus 4 last month
• backlog of orders -21 versus -13 last month
• employment 11 versus 7 last month
• wages 40 versus 49 last month
• prices paid 3.2 versus 3.53 last month
• prices received 2.6 versus 2.01 last month

/inflation