May 27 (Reuters) - Details of the Federal Reserve Bank of Richmond's monthly manufacturing index, released on Wednesday.
All data are seasonally adjusted:
MANUFACTURING SURVEY May April March 3-mo avg
Composite index 13 3 0 5
Shipments 16 -2 -2 4
New Orders 17 8 4 10
Backlog Orders 4 0 -10 -2
Capacity Utilization -1 5 -5 0
Vendor Lead Time 14 14 13 14
Number of Employees 3 0 -2 0
Average Workweek n/a n/a n/a n/a
Wages 24 25 14 21
Prices Paid* 5.96 6.40 6.11 6.16
Prices Received* 4.21 4.73 4.85 4.60
Finished goods
inventories 4 11 5 7
Raw materials
inventories 5 9 4 6
*Pct change in prices from the previous month (annualized).
NOTES:
The Richmond Fed's composite manufacturing index draws from shipments, new orders and employment.
Index values greater than zero suggest expansion, while values less than zero indicate contraction.
The Richmond Fed manufacturing index covers activity in the fifth Federal Reserve District, which includes the District of Columbia, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia.
The fifth district produces approximately 9 percent of the nation's gross domestic product.
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