- Richmond Fed composite manufacturing index -11 vs -5 prior
- New orders -14 vs -5 final month
- Providers index 0 versus +1 final month
- Shipments -17 versus -8 final month
- Employment -1 versus 0 final month
- Wages +22 vs +25 prior
- Inventories +15 vs +22 prior
This report is a setback for the soft-landing narrative and the manufacturing restoration narrative but it surely’s not an ideal indicator. Nonetheless, it will likely be one thing to control when the ISM manufacturing survey is out in early January.
This text was written by Adam Button at www.forexlive.com.
