États-Unis Richmond-Fed-Fabrication-Index

The Federal Reserve's Fifth District manufacturing index inched higher by one point from the previous month to -6 in January of 2026, the highest in four months, and ahead of the market consensus of a slight decrease to -8. Still, the result reflected an 11th consecutive month of pessimism on the district's goods producing sector. The drop in shipments softened (-5 vs -11 in December 2025) with support from a slower drop in new orders (-6 vs -8) and a faster depletion of backlog of orders (-13 vs -7). In the meantime, employment levels were seen lower (-6 vs -7) and wage growth fell (14 vs 24). Meanwhile, prices paid for inputs rose faster (7.06 vs 6.53), although competition prevented firms from passing those on to clients as output charges slowed (4.58 vs 4.98). Meanwhile, the expectations index for both shipments (34 vs 28) and new order volumes (36 vs 27) improved.