The Richmond Fed manufacturing index fell to -10 in February (Jan: -6), signaling a modest worsening in factory activity.

• Shipments declined to -13 (Jan: -5) and new orders slipped to -9 (Jan: -6), indicating weaker demand and output conditions in the current month.

• Employment edged down to -7 (Jan: -6), showing slightly more firms reported payroll declines than increases.

• Local business conditions dropped to -15 (Jan: -8), suggesting broader deterioration in assessments of current operating environment.

• Expectations improved for local conditions at 22 (Jan: 19) and employment outlook rose to 6 (Jan: 2), pointing to firmer forward sentiment despite weak current activity.

• Future shipments registered 29 (Jan: 34) and future new orders 35 (Jan: 36), remaining positive but easing from the prior month.

• Prices paid growth slowed to 6.52 (Jan: 7.06) and prices received to 4.25 (Jan: 4.58), indicating moderating input and output price pressures.

• Firms expected price growth to moderate further over the next 12 months, suggesting easing inflation expectations within manufacturing.