Saturday , December 14 2019
Home / Calculated Risk / Kansas City Fed: "Tenth District Manufacturing Activity Continued to Decline Modestly in November"

Kansas City Fed: "Tenth District Manufacturing Activity Continued to Decline Modestly in November"

Summary:
From the Kansas City Fed: Tenth District Manufacturing Activity Continued to Decline Modestly in NovemberThe Federal Reserve Bank of Kansas City released the November Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity continued to decline modestly in November, however expectations for future activity rebounded moderately.“Regional factory activity continued to edge down in November, driven again by deterioration in durable goods production,” said Wilkerson. “But considerable more firms expect to add workers than reduce their workforce over the next year.”...The month-over-month composite index was -3 in November, equal to -3 in October, and similar

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes A Repo Deluge…of Necessary Data

Mike Shedlock writes Corbyn’s Massive Defeat is Big Wakeup Call for Democrats

Calculated Risk writes Hotels: Occupancy Rate Decreased Slightly Year-over-year

Lance Roberts writes #WhatYouMissed On RIA: Week Of 12-09-19

From the Kansas City Fed: Tenth District Manufacturing Activity Continued to Decline Modestly in November
The Federal Reserve Bank of Kansas City released the November Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity continued to decline modestly in November, however expectations for future activity rebounded moderately.

“Regional factory activity continued to edge down in November, driven again by deterioration in durable goods production,” said Wilkerson. “But considerable more firms expect to add workers than reduce their workforce over the next year.”
...
The month-over-month composite index was -3 in November, equal to -3 in October, and similar to -2 in September. The composite index is an average of the production, new orders, employment, supplier delivery time, and raw materials inventory indexes.
emphasis added
Another weak regional manufacturing report.

Leave a Reply

Your email address will not be published. Required fields are marked *