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      US Richmond Composite Index Declines in September

      The Richmond Federal Reserve's composite index for September has reported a decline, registering at -2 compared to +4 in the previous month. This shift indicates a downturn in economic activity within the region, as all main indexes are now at zero or below, suggesting a challenging environment for businesses.

      The services index also showed a significant drop, coming in at 0, down from -8 previously. Additionally, manufacturing shipments fell to -5 from +11, further highlighting the mixed but predominantly negative trends in the region's economic indicators. These results reflect ongoing difficulties faced by the local economy, as businesses navigate various challenges.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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