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Kansas City Fed Manufacturing activity moderated
Growth in Tenth District manufacturing activity moderated somewhat in December, and producers were slightly less optimistic about the months ahead, with few planning major capital expenditures. Price indexes remained mostly stable.
The net percentage of firms reporting month-over-month increases in production in December was 10, down from 17 in November, but up from 6 in October. Production growth slowed at both durable and non-durable goods plants. Most other month-over-month indicators also decreased somewhat. The shipments index dipped from 11 to 6, and the new orders, order backlog, and employment indexes also fell. In contrast, the new orders for exports index rose slightly from 2 to 4. The raw materials inventory index dropped from -1 to -10, while the finished goods inventory index ticked up into positive territory.
Posted: December 30, 2009 Wednesday 12:57 PM