Official name: Survey of Fifth District Manufacturing Activity; Survey of Fifth District Service-Sector Activity
What exactly? Regional manufacturing and nonmanufacturing indices that cover the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. The manufacturing survey's shipments index and the service-sector survey's revenues index signal expansion when above zero and contraction when below it.
Source: Federal Reserve Bank of Richmond
Released when? Second business day after the 10th of the month at 10 a.m. Eastern. Data for prior month.
Market importance: None. Never moves markets. Not available until after the national Purchasing Managers' Index -- as well as a host of other regional manufacturing indices -- have been released. Too dated. Not worth tracking.