Fifth District manufacturing activity strengthened in July, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index inched up from 26 in June to 27 in July, buoyed by increases in the shipments and employment indexes, while the third component index — new orders — declined but remained in ...

Texas factory activity continued its robust expansion in July, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, was largely unchanged at 31.0, a reading well above average and indicative of strong output growth. Other measures ...

Tenth District manufacturing activity increased further, with solid expectations for future activity over the next six months. The index of prices paid for raw materials remained near record highs and the index of prices received for finished goods expanded again in July. Price indexes vs. a year ago posted record highs in July for the ...

The Chicago Fed National Activity Index (CFNAI) decreased to +0.09 in June from +0.26 in May. Three of the four broad categories of indicators used to construct the index made positive contributions in June, but two categories deteriorated from May. The index’s three-month moving average, CFNAI-MA3, declined to +0.06 in June from +0.80 ...

Responses to the July Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level and sales/revenues both declined but remained elevated, and the new orders and full-time employment indexes both rose. Prices for firms' inputs and own ...

Manufacturing activity in the region continued to expand this month, according to firms responding to the July Manufacturing Business Outlook Survey. The indicators for general activity, shipments, and new orders all declined but remain elevated. The firms continued to report increases in employment and prices. Most of the survey's future ...

Business activity grew at a record-setting pace in New York State, according to firms responding to the July 2021 Empire State Manufacturing Survey. The headline general business conditions index shot up twenty-six points to 43.0. New orders and shipments increased robustly. Delivery times continued to lengthen substantially, and ...

The U.S. economy strengthened further from late May to early July, displaying moderate to robust growth. Sectors reporting above-average growth included transportation, travel and tourism, manufacturing, and nonfinancial services. Energy markets improved slightly, and agriculture had mixed results. Supply-side disruptions became more ...

The Midwest Economy Index (MEI), which approximates quarterly growth at a monthly frequency, moved up to +0.69 in May from +0.63 in April. Contributions to the May MEI from three of the four broad sectors of nonfarm business activity and two of the five Seventh Federal Reserve District states increased from April. The relative MEI increased ...

Texas factory activity expanded at a faster pace in June, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose 14 points to 29.4, a reading indicative of strong output growth. Other measures of manufacturing activity also pointed ...

Tenth District manufacturing activity remained strong, and expectations for future activity increased to a survey record high. The index of prices paid for raw materials and prices received for finished goods compared with a month ago remained very high. Price indexes vs. a year ago posted record highs again in June. Moving forward, district ...

Fifth District manufacturing activity expanded in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index rose from 18 in May to 22 in June. This was driven by an increase in the new orders index, while the other two component indexes — shipments and employment — also remained in ...

Responses to the June Nonmanufacturing Business Outlook Survey suggest further strengthening in nonmanufacturing activity in the region. The indicators for firm-level general activity, new orders, and sales/revenues all rose sharply. However, the full-time employment index decreased but remained positive. The respondents expect overall ...

Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.29 in May from –0.09 in April. Three of the four broad categories of indicators used to construct the index made positive contributions in May, and three categories improved from April. The index’s three-month moving ...

Manufacturing activity in the region continued to grow, according to the firms responding to the June Manufacturing Business Outlook Survey. The survey's indicators for general activity, new orders, and shipments remained elevated, although movements were mixed. Additionally, the employment index increased, while the price indexes climbed ...

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened. The sectors most adversely affected by the pandemic remain weak but have shown ...

Business activity continued to expand in New York State, though at a slower pace than last month, according to firms responding to the June 2021 Empire State Manufacturing Survey. The headline general business conditions index fell seven points to 17.4. New orders and shipments increased moderately, and there was a rise in unfilled ...

The national economy expanded at a moderate pace from early April to late May, a somewhat faster rate than the prior reporting period. Several Districts cited the positive effects on the economy of increased vaccination rates and relaxed social distancing measures, while they also noted the adverse impacts of supply chain disruptions. The ...

Texas factory activity expanded but at a slower pace in May, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell 18 points to 15.7, a reading still well above average and indicative of healthy output growth. Other measures ...

The Midwest Economy Index (MEI), which approximates quarterly growth at a monthly frequency, ticked down to +0.61 in April from +0.62 in March. Contributions to the April MEI from two of the four broad sectors of nonfarm business activity and two of the five Seventh Federal Reserve District states decreased from March. The relative MEI ...

Tenth District manufacturing activity continued to expand at a strong pace, and expectations for future activity remained solid. The index of prices paid for raw materials compared to a month ago posted a new survey record high for the second straight month, and prices received for finished goods also surpassed historical levels. Price indexes ...

Fifth District manufacturing activity strengthened in May, according to the most recent survey from the Richmond Fed. The composite index inched up from 17 in April to 18 in May, as all three component indexes — shipments, new orders, and employment — reflected growth. A majority of firms reported lengthening vendor lead times, as this ...

Responses to the May Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The index for general activity at the firm level held mostly steady, and the index for new orders increased; however, the sales/revenues index edged down. Additionally, the survey's index for full-time ...

The Chicago Fed National Activity Index (CFNAI) declined to +0.24 in April from +1.71 in March. Three of the four broad categories of indicators used to construct the index made positive contributions in April, but three categories deteriorated from March. The index’s three-month moving average, CFNAI-MA3, decreased to +0.07 in April from +0.35 ...

Manufacturing activity in the region continued to grow, according to the firms responding to the May Manufacturing Business Outlook Survey. The survey's current indicators for general activity, new orders, and shipments declined from April's readings but remained elevated. Additionally, employment increases were less widespread this month, ...

Business activity continued to grow at a solid clip in New York State, according to firms responding to the May 2021 Empire State Manufacturing Survey. The headline general business conditions index was little changed at 24.3. New orders and shipments continued to expand strongly, and unfilled orders increased. Delivery times ...

The U.S. economy looks stronger now than it did three months ago, according to 36 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The panel predicts real GDP will grow at an annual rate of 7.9 percent this quarter, up 2.9 percentage points from the prediction in the last survey. Over the next three quarters, the panelists ...

The Midwest Economy Index (MEI), which approximates quarterly growth at a monthly frequency, increased to +0.65 in March from +0.50 in February. Contributions to the March MEI from two of the four broad sectors of nonfarm business activity and three of the five Seventh Federal Reserve District states increased from February. The relative MEI ...

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. The sectors most adversely ...

Fifth District manufacturing activity improved in April, according to the most recent survey from the Richmond Fed. The composite index held steady at 17, indicating continued growth, as all three component indexes — shipments, new orders, and employment — remained positive. Survey responses indicated supply constraints, with the backlog of ...

Texas factory activity expanded at solid clip in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell 14 points to 34.0, a reading still well above average and indicative of robust output growth. Other measures of ...

Tenth District manufacturing activity expanded further with the highest monthly composite reading in survey history, and expectations for future activity increased considerably (Chart 1, Tables 1 & 2). The index of prices paid for raw materials compared to a month ago also reached the highest level in survey history. In addition, ...

Led by improvements in indicators related to production and personal consumption and housing, the Chicago Fed National Activity Index (CFNAI) rose to +1.71 in March from –1.20 in February. All four broad categories of indicators used to construct the index made positive contributions in March, and all four categories improved from February. ...

Responses to the April Nonmanufacturing Business Outlook Survey suggest expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level, sales/revenues, and new orders all declined slightly but remained positive. Prices for firms' inputs and own goods continue to sustain overall increases, according to ...

Business activity grew strongly in New York State, according to firms responding to the April 2021 Empire State Manufacturing Survey. The headline general business conditions index climbed nine points to 26.3, a multi-year high. New orders and shipments grew at a solid clip, and unfilled orders increased. Delivery times were the longest on ...

Manufacturing conditions in the region continued to improve this month, according to firms responding to the April Manufacturing Business Outlook Survey. The indicators for general activity, shipments, and employment all rose. The firms continued to report increases in prices. The survey's future indexes indicate continued optimism about ...

National economic activity accelerated to a moderate pace from late February to early April. Consumer spending strengthened. Reports on tourism were more upbeat, bolstered by a pickup in demand for leisure activities and travel which contacts attributed to spring break, an easing of pandemic-related restrictions, increased vaccinations, and ...

The Midwest Economy Index (MEI), which approximates quarterly growth at a monthly frequency, fell to +0.35 in February from +0.65 in January. Contributions to the February MEI from three of the four broad sectors of nonfarm business activity and four of the five Seventh Federal Reserve District states decreased from January. The relative MEI ...

Texas factory activity expanded at a markedly faster pace in March, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, surged 28 points to 48.0, its highest reading in the survey’s ...

Tenth District manufacturing activity grew solidly compared to a month ago and a year ago with positive expectations for future activity. Prices paid for raw materials remained very high, and the index continued to hover near historically high levels. Finished goods prices also increased further from a month ago and a year ago. Moving ...

Fifth District manufacturing activity expanded in March, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index rose from 14 in February to 17 in March, driven by a sharp increase in the shipments index while the other two components — new orders and employment — held steady. Businesses ...

The seasonal factors that our researchers at the Philadelphia Fed use to calculate the survey's diffusion indexes were affected by atypical patterns because of the onset of the pandemic one year ago. For several variables, revised seasonal factors shifted by much more than is normal. We may revise our seasonal adjustment approach after ...

Led by declines in indicators related to production and personal consumption and housing, the Chicago Fed National Activity Index (CFNAI) fell to –1.09 in February from +0.75 in January. Two of the four broad categories of indicators used to construct the index made negative contributions in February, but all four categories decreased ...

Manufacturing conditions in the region strengthened further this month, according to firms responding to the March Manufacturing Business Outlook Survey. The indicators for general activity and new orders rose sharply, and the shipments and employment indexes also increased. Price pressures also rose, according to the surveyed firms. All of ...

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Following a moderation in the pace of the recovery, indicators of economic activity and employment have turned up recently, although the sectors most ...

Business activity grew at a solid clip in New York State, according to firms responding to the March 2021 Empire State Manufacturing Survey. The headline general business conditions index climbed five points to 17.4, its highest level since last summer. New orders increased modestly, and shipments were up substantially. Delivery times continued ...

Economic activity expanded modestly from January to mid-February for most Federal Reserve Districts. Most businesses remain optimistic regarding the next 6-12 months as COVID-19 vaccines become more widely distributed. Reports on consumer spending and auto sales were mixed. Although a few Districts reported slight improvements in travel ...

Tenth District manufacturing activity climbed higher in February compared to a month ago and a year ago, and expectations for future activity increased. Prices paid for raw materials continued to increase, reaching the second highest pace of growth in survey history. Prices for finished goods also grew more from a month ago and a year ...

The Fifth District manufacturing activity continued to improve in February, according to the most recent survey from the Richmond Fed. The composite index held steady from January to February, at 14, as all three component indexes — shipments, new orders, and employment — remained firmly positive. The index for vendor lead time, which hit ...

Firms responding to the February Nonmanufacturing Business Outlook Survey indicated improved conditions in business activity. The indexes for general activity at the firm level, sales/revenues, and new orders all posted increases for the month, with the former two indexes rising into low positive territory. Additionally, the survey's indexes ...