Richmond Fed services index rises to +2 in October, manufacturing stays in contraction
According to Reuters, the Richmond Fed services current conditions index rose to +2 in October, while its manufacturing composite held at -2.
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what happened
According to Reuters, the Richmond Fed services revenue index for October came in at +2, up from zero in September. The demand index climbed to 7 from 2, and the prices paid index rose to 6.12 from 5.17.
In manufacturing, the Richmond Fed composite index stayed at -2, signalling contraction. New orders fell to -8 and capacity utilization dropped to -7. Prices paid by manufacturers edged up to 7.12 from 7.08.
why it matters
Regional surveys from one Federal Reserve district usually have a limited effect on markets. Still, rising price gauges in both reports will be watched closely amid debate over US inflation and expectations for Fed rate decisions.
tags
instruments
sources
- TABLE-Richmond Fed services index +2 in October — Reuters, 27 October 2026 at 14:01 UTC
- TABLE-Richmond Fed composite index -2 in October — Reuters, 27 October 2026 at 14:00 UTC
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