United States Richmond Fed Manufacturing Index

Last Release

Dec 31, 2025

Actual

-7

Units In

Points

-15

Frequency

Monthly

Next Release

Jan 27, 2026

Time to Release

1 Months 2 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
28 Mar 2004	-45 Apr 2020	1.92 Points	1993-2025	Federal Reserve Bank of Richmond

The Richmond Manufacturing Index measures the conditions of the manufacturing sector for the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. The index is derived from a survey of 190 manufacturing plants and based on three individual index with the following weights: Shipments (33 percent), New Orders (40 percent) and Employment (27 percent). The index can range between +100 and -100; a reading above zero indicates expansion, while below zero suggests a contraction.

Latest Updates

The Federal Reserve's Fifth District manufacturing index rose to -7 in December of 2025 from -15 in the previous month, in line with market expectations. The decline in the current survey for shipments softened (-11 vs -14 in November) amid an improvement in firms' new orders (-8 vs -22), allowing for a slower depletion of order backlogs (-7 vs .23. In the meantime, the drop in employment was nearly erased (-1 vs -7), although wages continued to expand sharply (24 vs 24). Looking ahead, improvements were noted in the outlook of new orders (28 vs 25) and new orders (27 vs 26).