2012 Economic Calendar
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Richmond Fed Manufacturing Index  
Released On 2/28/2012 10:00:00 AM For Feb, 2012
PriorConsensusConsensus RangeActual
Level12 13 10  to 19 20 

Regional manufacturing surveys aren't getting much attention following today's steep declines in durable goods data, but the surveys have been uniformly positive and today include gains for the Richmond Fed's index which rose a very sizable eight points to 20. New orders, backlog orders, shipments, employment, and the workweek all show solid monthly acceleration in the Richmond district. Price readings, despite the increase underway for oil prices, are stable.

Regional manufacturing reports pointed to strength in January -- which again contrasts sharply with today's durable goods results -- and they point to accelerating strength this month. The ISM report, whose anecdotal methodology is similar to the regional manufacturing data, will offer its look at the national manufacturing sector on Thursday.

Consensus Outlook
The Richmond Fed manufacturing index in January jumped 9 points to 12 to indicate significant acceleration underway. January gains for Richmond included new orders, shipments, capacity utilization and employment.

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

2012 Release Schedule
Released On: 1/242/283/274/245/226/267/248/289/2510/2311/2712/26
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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