Kansas Fed: Manufacturing activity expanded at a slightly slower pace in August

Eren Sengezer FXStreet

"Tenth District manufacturing activity expanded at a slightly slower pace in August, with the composite index dropping back to around the rates of growth that prevailed in late 2017 and early 2018," the Federal Reserve Bank of Dallas announced on Thursday.

Key quotes from the official publication

The month-over-month composite index was 14 in August, down from readings of 23 in July and 28 in June.
Expectations for future growth remained solid, despite continued concerns about trade and tariffs.
The production, new orders, employment, and new orders for exports indexes all decreased modestly.
In contrast, the shipments index rose from 12 to 18 after falling considerably last month.

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.

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