Recent Updates

  • New Zealand: External Migration (Mar); Australia: CPI (Q1)
  • Japan: Service Producer Price Index (Mar)
  • China: FDI, Domestic Debt Securities, Stock Market (Mar)
  • Japan: Checks and Bills Clearing (Mar)
  • US: Existing Home Sales Detail (Mar)
  • UAE: CPI (Mar), Dubai GDP (Q4); Lebanon: CPI (Mar); Israel: PMI (Mar), Quantity of New Dwellings Demanded (Feb); Palestine: Public Debt (Mar-Prelim); Saudi Arabia: Real Estate
  • more updates...

Economy in Brief

Kansas City Fed Factory Sector Activity Weakens M/M
by Tom Moeller  August 28, 2014

The Federal Reserve Bank of Kansas City reported that its August Composite index of 10th District factory sector activity deteriorated to 3, the lowest level since December. The composite index is an average of the production, new orders, employment, supplier delivery time and raw materials inventory indexes. All of these indexes declined this month. The prices paid index also fell but remained near the improved levels of the last nine months.

The expectations reading increased m/m to its highest level since April, suggesting future improvement in business conditions. Higher new orders, shorter delivery times and increasing materials inventories led the gain. Capital expenditures retraced four months of improvement and the expected prices paid fell to the lowest level since March. Expected export orders rose to the highest level since January

The diffusion indexes are calculated as the percentage of total respondents reporting increases minus the percentage reporting declines. The survey included 94 responses from plants in Colorado, Kansas, Nebraska, Oklahoma, Wyoming northern New Mexico. Data for the Kansas City Fed Survey can be found in Haver's SURVEYS database.

Kansas City Federal Reserve Manufacturing Survey (SA) Aug Jul Jun Aug '13 2013 2012 2011
Conditions Versus One Month Ago (% Balance) 3 9 6 6 0 4 9
   New Orders Volume 6 12 8 10 1 0 5
   Number of Employees -4 8 1 2 -2 5 11
   Prices Received for Finished Product 6 7 2 5 3 5 12
Expected Conditions in Six Months 17 15 12 8 10 12 16
   New Orders Volume 25 24 14 11 18 21 24
   Number of Employees 15 23 14 9 9 13 17
   Prices Received for Finished Product 21 25 28 26 24 24 29
close
large image