Business Activity Indexes1,,,,,,,,,
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,,,Current Conditions,,,,Expectations2,,
,,,Apr,Mar,Feb,,Apr,Mar,Feb
General business assessment,,,,,,,,,
,Fifth District Manufacturing Index3,,-9,-20,-51,,--,--,--
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Company conditions,,,,,,,,,
,Shipments,,-3,-15,-56,,31,24,21
,Volume of new orders,,-2,-20,-54,,29,22,14
,Backlog of orders,,-15,-37,-51,,14,10,11
,Capacity utilization,,-13,-14,-44,,29,27,21
,Vendor lead-time,,-9,-16,-22,,6,2,4
,Number of employees,,-26,-28,-41,,1,-8,-14
,Average workweek,,-7,-30,-45,,10,6,6
,Wages,,1,-2,-9,,12,4,16
,Capital Expenditures,,--,--,--,,-15,-16,-24
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Inventory levels,,,,,,,,,
,Finished goods inventories,,40,44,40,,--,--,--
,Raw materials inventories ,,27,33,34,,--,--,--
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Price trends4,,,,,,,,,
,Prices paid,,0.28,-0.22,0.81,,2.81,2.71,2.6
,Prices received,,1.01,-0.15,0.64,,0.74,1.07,0.74
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Notes:,,,,,,,,,
1,Each index equals the percentage of responding firms reporting increase minus the percentage reporting decrease.  Data are seasonally adjusted.  Results are based on responses from 88 of 144 firms surveyed.,,,,,,,,
2,Expectations refer to the time period six months out from the survey period.,,,,,,,,
3,"The Manufacturing Index is a gauge of broad activity in the District's manufacturing sector.  It is a composite index representing a weighted average of the shipments (33  percent), new orders (40 percent) and employment (27 percent) indexes. All firms surveyed are located within the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.    ",,,,,,,,
4,"Price changes are expressed as a percent change, annualized.",,,,,,,,