2012 Economic Calendar
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U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar

Richmond Fed Manufacturing Index
Released On 2/28/2012 10:00:00 AM For Feb, 2012
PriorConsensusConsensus RangeActual
level change12 13 10  to 19 20 

Highlights
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.

Recent History Of This Indicator
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.

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


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