Richmond Fed composite index for January -4 versus -13 estimate

15 consecutive negative numbers for the Richmond Fed

• Prior month -10
• Composite index -4 vs -13 estimate
• Services index 4 vs 23 last month
• Manufacturing shipments -9 vs -11 last month
• Employment 3 vs -8 last month
• New Orders -4 vs -11 last month
• Prices Paid 2.37 vs 2.86 last month
• Prices received 1.21 vs 1.71 last month

Good news on prices. Mixed otherwise.

6 month forward:

• Shipments 32 versus 41 last month
• new orders 31 versus 43 last month.
• Employment 12 versus nine last month
• Prices paid 4.08 versus 3.78 last month.
• Prices received 3.06 versus 2.91 last month

Below is a table of January versus December values along with the six-month expectations.

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