Richmond Fed manufacturing index rose in Oct

Biz.Yahoo/Reuters ^ | November 10, 2003

[Starwind]

Richmond Fed manufacturing index rose in Oct
Monday November 10, 10:11 am ET

 WASHINGTON, Nov 10 (Reuters) - Details of the Federal
Reserve Bank (News - Websites)  of Richmond's monthly manufacturing and service
index, released on Monday:
MANUFACTURING SURVEY       Oct    Sept    Aug  3-mo avg
  Shipments                 20      -7      0          4
  New Orders                 6     -13     -4         -3
  Backlog Orders            -1     -14    -20        -12
  Capacity Utilization       5      -8     -2         -2
  Vendor Lead Time          11       0     -2          3
  Number of Employees      -10     -22    -11        -15
  Average Workweek           6     -10     -1         -2
  Wages                      8       6      4          6
  Prices Received*           0.51   -0.12  -0.18     n/a
  Prices Paid*               0.66    0.67   0.53     n/a
  Finished goods
 inventories                20      28     34         27
  Raw materials
 inventories                21      22     24         22
SERVICES SURVEY            Oct    Sept    Aug  3-mo avg
  Service Revenues          18      19      9         15
  Number of Employees       11       6      7          8
  Service Wage              16      12      7         12
  Service Demand in
next 6 months               37      24     25         28
  Retail Revenues           34      18     35         29
  Retail Employees          17       0     21         13
  Retail Wage               27      12     15         18
  Retail Inventories        12      16      6         11
  Big-ticket sales         -14     -22    -10        -15
  Shopper Traffic            9       1     21         10
  Retail Demand in
next 6 months               46      30     19         32
 *Pct change in prices from the previous month (annualized).
NOTES/HISTORICAL COMPARISONS
 The monthly report, which is normally released on the
second Tuesday was the month, was issued a day early due to the
Veterans' Day federal holiday on Nov. 11.
 Index values greater than zero suggest expansion, while
values less than zero indicate contraction.
 The Richmond Fed manufacturing index covers activity in the
fifth Federal Reserve District, which includes the District of
Columbia, Maryland, Virginia, North Carolina, South Carolina
and most of West Virginia.
 The fifth district produces approximately 9 percent of the
nation's gross domestic product.

[Starwind]

The FRB Richmond full reports are at:
Fifth District Manufacturing Activity and;
Fifth District Service-Sector Activity

[Starwind]

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