Mid-Atlantic Non-Manufacturing Services – March Deterioration per Richmond Fed Survey

Fifth District service sector activity – non-manufacturing services – deteriorated in March, according to the most recent survey by the Federal Reserve Bank of Richmond. The revenues and demand indexes fell to −17 and −1, respectively, down from −3 and 6 in February. Future revenue and demand expectations were more positive, with revenue expectations improving mildly, while the index for demand expectations remained positive but decreased slightly. The indexes for both current and expected local business conditions remained negative. Firms mostly reported increased business spending as the indexes for capital expenditures and equipment & software spending were both in positive territory. All three of the spending expectations indexes were positive, suggesting that firms expect spending to increase over the next six months.

WestXDC perspective – unchanged business and economic climate, yes deteriorating (due to lagging interest rate hike effects, among many other uncertainty influencers) – move now to focus, grab market share, consolidate messaging, find and retain core revenue streams. Broaden marketing and communications coverage among channels, while focusing on personas and audience.

Ask us about it – or subscribe to keep up with solutions to challenges.

Share:

More Posts

How SEO Works & How It Decides Where You Rank on Search Engines

Where can you find a reliable dentist nearby? What’s the best Chinese food in your area? Is the rash on your neck a symptom of something serious? These queries, and more, prompt 93% of online experiences to begin with a search engine. Indeed, the $80 billion search engine optimization (SEO) industry powers significant digital commerce […]

The post How SEO Works & How It Decides Where You Rank on Search Engines first appeared on KME.digital.

5 Outdoor Kitchen Design Ideas

5 Outdoor Kitchen Design Ideas

While outdoor kitchens can seem like an elaborate luxury, they may start as low as $5,000 and offer a monumental return on investment—up to 200%! They’re a fantastic way to

Demystifying the Landscape Design Process

Demystifying the Landscape Design Process

Groff Landscape Design has proudly offered its services to Arlington, VA, homeowners since 2007. But what, exactly, do these services entail? While building is a visible and relatively straightforward process,