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Richmond Fed Manufacturing Index

Richmond Fed Manufacturing Index

Richmond Fed Manufacturing Index including information on shipments, new orders, order backlogs, and inventories conducted by Federal Reserve Bank of Richmond provides information on current activity in the manufacturing sector (mailing 220 business organizations). The industry inflation can be seen from the survey. Generally speaking, a high reading appreciates (or is bullish for) the USD, whereas a low reading is seen as negative (or bearish for) the USD.  Richmond Fed Manufacturing Index has limited online forex market influence. The report is released about one week after the beginning of a new month and after ISM Index (NAPM) is released.

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