Global| Jun 27 2014Kansas City Fed Index; Factory Sector Activity & Pricing Power Eased
by:Tom Moeller
|in:Economy in Brief
Summary
The Federal Reserve Bank of Kansas City reported that its June Composite index of 10th District factory sector activity eased to 6 versus 10 in May. The latest figure remained, nevertheless, in the range of readings earlier in the [...]
The Federal Reserve Bank of Kansas City reported that its June Composite index of 10th District factory sector activity eased to 6 versus 10 in May. The latest figure remained, nevertheless, in the range of readings earlier in the year and improved versus the lows of early 2013. The composite index is an average of the production, new orders, employment, supplier delivery time and raw materials inventory indexes. The prices paid index eased to its lowest level since last July.
The expectations reading deteriorated m/m but it remained above the current conditions index, suggesting future improvement in business conditions. Most of the component series remained positive, notably new orders, shipments, employment, the average workweek, prices received and capital expenditures.
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.
Stress Testing after Five Years from Fed Governor Daniel K. Tarullo is available here.
| Kansas City Federal Reserve Manufacturing Survey (SA) | Jun | May | Apr | Jun '13 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|
| Conditions Versus One Month Ago (% Balance) | 6 | 10 | 7 | -5 | 0 | 4 | 9 |
| New Orders Volume | 8 | 11 | 9 | -7 | 1 | 0 | 5 |
| Number of Employees | 1 | 10 | 3 | -1 | -2 | 5 | 11 |
| Prices Received for Finished Product | 2 | 14 | 2 | 3 | 3 | 5 | 12 |
| Expected Conditions in Six Months | 12 | 13 | 21 | 11 | 10 | 12 | 16 |
| New Orders Volume | 14 | 22 | 33 | 24 | 18 | 21 | 24 |
| Number of Employees | 14 | 16 | 22 | 7 | 9 | 13 | 17 |
| Prices Received for Finished Product | 28 | 32 | 31 | 23 | 24 | 24 | 29 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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