Econoday Economic Report: Richmond Fed Manufacturing Index January 24, 2012

2012 Economic Calendar

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Richmond Fed Manufacturing Index

Released On 1/24/2012 10:00:00 AM For Jan, 2012

	Prior	Consensus	Consensus Range	Actual
level change	3	6	5 to 7	12

Highlights
Last week's regional reports from the New York and Philadelphia Feds were solid, joined today by a strong report from the Richmond Fed whose index jumped 9 points to 12 to indicate significant acceleration underway this month in the manufacturing sector. January gains for Richmond include new orders, shipments, capacity utilization and employment. Next regional report will be Kansas City on Thursday. Thursday will also offer hard data at the national manufacturing level with the December durable goods report.

Market Consensus before announcement
The Richmond Fed manufacturing index rose to 3 in December from a reading of zero the month before. New orders gained even more, rising to 7 from minus 2 in November. Backlog orders also showed an increase as did shipments.

Definition
This survey provides a comprehensive set of indicators of business conditions within the fifth region's manufacturing sector. The survey provides participants' knowledge of recent changes in manufacturing activity as well as insights into expected developments in six months. The data are released the fourth Tuesday of each month. The headline index is the composite for current month activity. It is a weighted average of the shipments (33%), new orders (40%) and employment (27%) indexes. (Federal Reserve Bank of Richmond) Why Investors Care

2012 Release Schedule

Released On: 1/24 2/28 3/27 4/24 5/22 6/26 7/24 8/28 9/25 10/23 11/27 12/26

Release For: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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Actual Data Source: Haver Analytics