Richmond Fed composite index for November -14 versus -10 estimate

• Prior month -14
• Composite index -14 versus -10 estimatexx.
• Services index 9 vs 3 last month
• Manufacturing shipments -12 vs -8 last month

Other details:

• Employment -10 vs -17 last month. Better but still negative.
• Wages 17 vs 16 last month. Marginally higher.
• Prices paid 2.48 vs 2.70 last month. Lower.
• Prices received 2.07 vs 1.71 last month. Higher
• New orders -19 vs -17 last month. Lower.
• Backlog of orders -27 vs -14 last month. Lower
• Capacity utilization -15 vs -11 last month. Lower
• Capital expenditures zero vs -23 last month. Higher.
• Services expenditure -20 vs -22 last month Higher but stil negative
• Finished goods inventories 29 vs 17 last month. Higher inventories (weaker)
• Raw materials inventory 13 vs 12 last month. Little changed
• Equipment and software spending -1 vs -21 last month. Higher

Looking at expectations 6 month forward:

• Shipments 33 versus 22 last month
• new orders 37 versus 35 last month.
• Backlog of orders 10 versus eight last month.
• Capacity utilization 25 versus 23 last month.
• Capital expenditures -12 versus -6 last months.
• Finished goods inventories seven versus four last month
• raw material inventories one versus five last month.
• Equipment and software spending -12 versus -10 last month.
• Services expenditures -19 versus -18 last month
• Employees -3 versus 4last month
• prices paid 2.61 versus 2.72 last month
• prices received 2.2 versus 1.4 last month
• wages 51 versus 47 last month

This article was written by Greg Michalowski at www.forexlive.com.