TABLE-Richmond Fed composite index -2 in September

Sept 22 (Reuters) - Details of the Federal Reserve Bank of Richmond's monthly manufacturing index, released on Tuesday. All data are seasonally adjusted: MANUFACTURING SURVEY Sept Aug July 3-mo avg Composite index -2 4 5 2 Shipments -5 11 8 5 New Orders -6 3 5 1 Backlog Orders -10 -7 4 -4 Capacity Utilization -7 2 2 -1 Vendor Lead Time 8 16 17 14 Number of Employees 7 -2 2 2 Average Workweek n/a n/a n/a n/a Wages 17 26 28 24 Prices Paid* 7.08 6.22 6.08 6.46 Prices Received* 4.19 4.09 3.96 4.08 Finished goods inventories 4 3 9 5 Raw materials inventories 6 9 1 5 *Pct change in prices from the previous month (annualized). NOTES: The Richmond Fed's composite manufacturing index draws from shipments, new orders and employment. Index values greater than zero suggest expansion, while values less than zero indicate contraction. The Richmond Fed manufacturing index covers activity in the fifth Federal Reserve District, which includes the District of Columbia, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia. The fifth district produces approximately 9 percent of the nation's gross domestic product. ((Washington newsroom, 202-898-8310, fax 202-898-8383))