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This series of essays articulates the Richmond Fed's views on issues of particular importance to the Fifth District and the national economy, and their policy implications:

Regional Surveys of Business Activity


Nov. 23, 2016 | Survey

Maryland Survey of Business Activity

Business Activity Improved in November; Expectations for Future Conditions and Hiring Subdued

Carolinas Surveys

Nov. 23, 2016 | Survey

Carolinas Survey of Business Activity

Business Activity Appeared Soft Again this Month; Expectations Moved Higher


Pie Chart

Dec. 2, 2016

Fifth District Economic Indicators

The latest regional economic data on the Fifth District, updated monthly.

Regional Matters

Regional Matters thumbnail logo

Nov. 18, 2016 | Publication

Measuring Economic Activity: How the Richmond Fed Uses Diffusion Indices

The Richmond Fed publishes a series of diffusion indices based off of surveys of manufacturing and service sector firms across the Fifth District. These indices help us to understand business conditions in our region in a timely and more comprehensive way.


Nov. 7, 2016 | Publication

A Dramatic Shift in the U.S. Energy Sector: Hitting Close to Home

There has been a dramatic change in the energy sector in recent decades. With lower prices, what is the outlook going forward? What has the impact been on West Virginia, the Fifth District’s largest energy producer?


Nov. 28, 2016

National Economic Indicators

The latest data on the national economy gathered by the Richmond Fed

Non-Employment Index

Nov. 15, 2016

Hornstein-Kudlyak-Lange Non-Employment Index

Updated index provides an alternative to the standard unemployment rate


Nov. 30, 2016 | Publication

Econ Focus, Second Quarter 2016

Cover Story: Tomorrow's Lenders?
Online nonbank lenders have experienced tremendous growth. What promises, and perils, do they hold for the financial system?

Economic Brief

Nov. 4, 2016 | Publication

The Burns Disinflation of 1974

Working paper

Oct. 17, 2016 | Article

Optimal Contracts with Reflection

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Research Department
(804) 697-8000