For the month of October, the Kansas City Fed Manufacturing Index recorded a decrease, settling at +11. This latest result came in slightly below the estimated +12 and represents a step down from the prior reading of +14.
When reviewing the specific components of the report, new orders took a steep dive, falling to +3 from the previous +24. Both production and shipments also showed moderation, with production easing to +16 from +20, and shipments dropping to +18 from a prior +21.
In contrast, the employment metric saw a minor improvement, edging up to +1 from 0. At the same time, the index for prices paid increased, reaching +70 compared to the prior level of +68.
When reviewing the specific components of the report, new orders took a steep dive, falling to +3 from the previous +24. Both production and shipments also showed moderation, with production easing to +16 from +20, and shipments dropping to +18 from a prior +21.
In contrast, the employment metric saw a minor improvement, edging up to +1 from 0. At the same time, the index for prices paid increased, reaching +70 compared to the prior level of +68.