Kansas City Fed Composite Manufacturing Index Falls to 11 as Orders Weaken
Photo: TokenPost
The Federal Reserve Bank of Kansas City’s Tenth District manufacturing composite fell to 11 in October as new orders weakened, while its six-month outlook improved, leaving current and expected activity with different signals. The seasonally adjusted month-over-month index averages five diffusion indexes: production, new orders, employment, supplier delivery time and raw-material inventories. Each component compares the share of firms reporting increases with the share reporting declines. A positive composite reflects net increases across those component measures; it is not a count of respondents reporting gains. The survey measures conditions in the Tenth District.
Source: TokenPost
