10:08 AM EST, 01/28/2025 (MT Newswires) -- The Richmond Fed's monthly manufacturing index rose to a reading of minus 4 in January from minus 10 in December, compared with expectations for no change in a survey compiled by Bloomberg as of 7:40 am ET.

The index indicates slower contraction, which is in line with the New York Fed and the Kansas City indexes but in contrast with the Philadelphia Fed, Dallas Fed and the S&P global flash indexes that signaled expansion.

Released at the same time, the services revenue index fell to 4 in January from 23 in December. The index indicates slower expansion, which is in line with the S&P Global Flash estimate but in contrast with the other regional measures that signaled contraction.