September Richmond FED Manufacturing Survey At -2
(For September 2010)
Richmond FED Manufacturing Survey came out today at -2. The consensus was at 6.0, prior reading at 6. Another manufacturing survey bellow consensus and again pointing to contraction.
Richmond FED Manufacturing, Dallas Fed Manufacturing, Empire State Manufacturing and Philadelphia FED General Business Conditions Index all point to lower ISM manufacturing. Richmond FED Manufacturing, Dallas Fed Manufacturing and Empire State Manufacturing deteriorated in September while Philadelphia FED improved, but remained in negative territory.
Chicago PMI is scheduled to be released on Thursday, ISM Manufacturing on Friday.
Chart 1. ISM vs. Richmond FED, Dallas FED, Philadelphia FED, Empire State Manufacturing Surveys and Chicago PMI
Source: Bloomberg
Chicago Purchasing Managers Index, Dallas FED Manufacturing Activity, Empire State Manufacturing Survey, ISM Manufacturing Index, Philadelphia Fed General Business Conditions Index, Richmond FED Manufacturing Survey