United States Richmond Fed Manufacturing Index

Last Release

Jul 31, 2025

Actual

-20

Units In

Points

-8

Frequency

Monthly

Next Release

Aug 26, 2025

Time to Release

1 Months 2 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
28 Mar 2004	-45 Apr 2020	2.07 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 composite manufacturing index in the US Fifth District sank by 12 points from the previous month to -20 in July of 2025, the lowest in ten months, and contrasting sharply with expectations that it would improve to -3. The result reflected a fresh deterioration in activity for manufacturers in the US, suggesting that the fresh tariff threats by White House officials may have jeopardized firms' supply chains following a period of trade barrier de-escalation. The survey showed faster declines for shipments (-18 vs -5 in June) amid a plunge in the volume of new orders (25 vs -12), despite the further depletion of backlogs (-30 vs -18). In turn, the number of employees fell further (-16 vs -6). On the price front, softer growth rates were seen both for prices paid (5.65 vs 6.10) and received (3.16 vs 3.57). Despite the declines, expectations for shipments were higher (11 vs 6).