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Manufacturing Survey
Fifth District manufacturing activity remained flat in October, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index remained at −2. Two of its three component indexes decreased in October: new orders to −8 from −6, and employment to 3 from 7. Meanwhile, the shipments index rose to 0 from −5.
The future indexes for shipments and new orders remained in positive territory while the expectations index for employment remained at 8 in October.
The local business conditions index decreased from −6 in September to −8 in October. The future local business conditions index also fell from 10 to 7.
The average growth rate of prices paid was flat from September to October, while the average growth rate of prices received increased. Firms expected growth in prices paid and prices received to fall over the next 12 months.
To cite the Manufacturing Survey, please use the following format: "Manufacturing Survey." Federal Reserve Bank of Richmond. https://www.richmondfed.org/region_communities/regional_data_analysis/business_surveys/manufacturing.
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