Highlights of the January 2016 US Richmond Fed manufacturing index 26 January 2016
– Prior +6
– Manufacturing shipments -6 vs 0 prior
– New orders 4 vs 8 prior
There’s some positive signs despite the tepid headline number. Services wages rose to 26 vs 13 in Dec. Retail wages rose to 30 vs 7 prior, revenues were 27 vs -36 prior and retail expectations for the next 6 months rose to 16 from -3