Kansas Fed: Growth in Tenth District manufacturing activity slowed slightly but remained solid
"The pace of growth in Tenth District manufacturing activity slowed slightly but remained solid, and optimism remained high for future activity," the Federal Reserve Bank of Kansas announced on Friday.
Key highlights
The month-over-month composite index was 16 in November, down from 23 in October and 17 in September.
The new orders for exports index was unchanged.
The raw materials inventory index increased to 45, its highest reading in survey history, and the finished goods inventory index rose from 15 to 28.
Future factory activity expectations eased slightly from high levels.
Most price indexes were unchanged or slightly higher in November.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
