Richmond Fed Manufacturing Index in the United States decreased to 8 points in January from 16 points in December of 2021. Richmond Fed Manufacturing Index in the United States averaged 3.21 points from 1993 until 2022, reaching an all time high of 28 points in March of 2004 and a record low of -45 points in April of 2020. The Richmond Manufacturing Index measures the conditions of the manufacturing sector for the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. The index is derived from a survey of 190 manufacturing plants and based on three individual index with the following weights: Shipments (33 percent), New Orders (40 percent) and Employment (27 percent). The index can range between +100 and -100; a reading above zero indicates expansion, while below zero suggests a contraction.
source: tradingeconomics.com
