Richmond Fed composite index for August -7 vs -11 estimate

Forex Short News
  • Prior month -20
  • Composite index -7 versus -11 estimate
  • Services index 4 versus +2 last month
  • Manufacturing shipments -5 versus -18 last month

Looking at the month of month changes looking at the business sector indicators

  • 8 were higher from last month
  • 3 were lower
  • one was unchanged

Employment increased from last month, and wages also increased. Availability of skills needed fell from last month

Prices paid rose sharply from 5.65 to 7.24, while prices received remained steady at 3.14

This article was written by Greg Michalowski at investinglive.com.