Tuesday, December 26, 2006

Richmond Federal Reserve Survey

Hoping everyone is enjoying some time off with family and friends or a reduced work week. As I mentioned before the holidays, this week would be a light posting week.

Today the Richmond Fed released data which validated my suspicions of a weak holiday season.

  • Seasonally adjusted manufacturing index decreased to -6 from November’s reading of 7
  • Shipments lost ten points to -4
  • New orders fell fourteen points to -8
  • The jobs index moved down fifteen points to -5
  • The capacity utilization index turned negative, losing twelve points to finish at -11
  • Orders backlogs indicator shed five points to -16
  • Vendor delivery times edged down three points to -1
  • Raw materials inventories was somewhat higher, gaining six points to 20.
  • Finished goods inventories index trimmed three points to 12.
posted by TimingLogic at 10:41 AM