Richmond Fed Manufacturing: Additional Declines in June

Fifth District manufacturing activity declined in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index stood at -19 in June compared to -9 in May.

The complete data series behind today's Richmond Fed manufacturing report, which dates from November 1993, is available here.

Here is a snapshot of the complete Richmond Fed Manufacturing Composite series.

Richmond Fed Manufacturing

Here is an excerpt from the latest Richmond Fed manufacturing overview:

Fifth District manufacturing firms reported another decline in activity in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index fell from −9 in May to −19 in June, as two of its three component indexes dropped further into negative territory. The indexes for shipments and volume of new orders declined from −14 and −16 in May to −29 and −38 in June, respectively. The third component, the employment index, rose to 23 from 8 in May.
Link to Report

Here is a somewhat closer look at the index since the turn of the century.

since 2000

Is today's Richmond composite a clue of what to expect in the next PMI composite? We'll find out when the next ISM Manufacturing survey is released (below).