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Kansas City Fed Manufacturing activity rebounded
Tenth District manufacturing activity rebounded in September, and producers’ expectations for future activity also improved. Most price indexes in the survey edged higher, but finished goods price indexes remain at fairly low levels.
The net percentage of firms reporting month-over-month increases in production in September was 14, up from 0 in August and equal to 14 in July (Tables 1 & 2, Chart). The increase in production occurred among both durable and nondurable goods producing plants, with the exception of machinery and equipment producers, who reported some further slowdown. The majority of other month-over-month indicators also improved. The shipments, new orders, and order backlog indexes jumped back into positive territory, and the new orders for exports index climbed from -1 to 10, its highest level in nearly three years. The employment index was unchanged and the supplier delivery time index was also stable. The raw materials inventory index fell from 6 to -1, while the finished goods inventory index inched higher.
Posted: September 30, 2010 Thursday 11:00 AM