2019 Economic Calendar
2024 Econoday Investor's Journal Order Now
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Central Banks   |   Today's Calendar

Richmond Fed Manufacturing Index  
Released On 1/23/2019 10:00:00 AM For Jan, 2019
 PriorConsensusConsensus RangeActual
Index-8 -3 -10  to 3 -2 
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
Orders and shipments contracted suddenly and sharply in December for the Richmond Fed manufacturing report where the index for January is expected to come in at minus 3. The index in December came in far below expectations at minus 8.

Relative Performance Index

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

 

Definition
This survey tracks business conditions in the Richmond Fed's manufacturing sector. The headline index is a composite of the new orders, shipments, and employment indexes. Why Investors Care

[locked]