Importance Score: 45 / 100 🔵
RICHMOND, April 22 – Findings from the Federal Reserve Bank of Richmond’s monthly survey on the service sector, published on Tuesday. All figures are adjusted for seasonal variations:
Insights on Richmond Fed Service Sector Activity
Current Business Conditions
Key Service Sector Indicators – Current (April)
- Revenues: -7 (March: -4, Feb: 11)
- Demand: -12 (March: -6, Feb: 13)
- Local Business Conditions: -30 (March: -14, Feb: 1)
- Capital Expenditures: -10 (March: -9, Feb: 1)
- Equipment & Software Spending: -7 (March: 0, Feb: 8)
- Services Expenditures: -17 (March: -7, Feb: -7)
Future Outlook and Expectations
Service Sector Indicators – Expectations (April)
- Revenues: 4 (March: 22, Feb: 39)
- Demand: -2 (March: 12, Feb: 24)
- Local Business Conditions: -29 (March: -5, Feb: 8)
- Capital Expenditures: -6 (March: 3, Feb: 10)
- Equipment & Software Spending: -1 (March: 2, Feb: 13)
- Services Expenditures: -15 (March: -4, Feb: 2)
Employment and Pricing Trends
Employment Metrics
Current Employment Conditions (April)
- Number of Employees: 8 (March: 3, Feb: 7)
- Wages: 13 (March: 19, Feb: 24)
- Availability of Skills Needed: -1 (March: -1, Feb: -6)
Employment Expectations (April)
- Number of Employees: 1 (March: 12, Feb: 27)
- Wages: 32 (March: 41, Feb: 48)
- Availability of Skills Needed: 11 (March: 9, Feb: -1)
Price Indicators
Current Price Trends (April)
- Prices Paid: 4.89 (March: 5.18, Feb: 5.26)
- Prices Received: 3.03 (March: 3.68, Feb: 3.31)
Price Expectations (April)
- Prices Paid: 5.94 (March: 5.13, Feb: 5.09)
- Prices Received: 4.18 (March: 4.15, Feb: 3.62)