U.S. Mid-Atlantic Factory Activity Remained Flat in October — Richmond Fed
By Jessica Coacci
Manufacturing activity in the Richmond Fed's region remained flat in October, the reserve bank's monthly survey showed.
The survey's composite index was minus 2 in October, the same level as September. Economists polled by The Wall Street Journal expected a reading of minus 1.
The index for shipments rose to 0 from minus 5 in September. The indexes for new orders and employment both decreased.
The local business conditions index decreased to minus 8 in October from minus 6 in September while the index for future local business conditions also fell.
The average growth rate of prices paid was flat from September to October, while the average growth rate of prices received increased, the survey said.
Firms surveyed are located within the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia.
Write to Jessica Coacci at jessica.coacci@wsj.com
(END) Dow Jones Newswires
October 27, 2026 10:33 ET (14:33 GMT)
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