Kansas City Fed Manufacturing Composite Index Moderates to 11 in October
The Kansas City Fed Manufacturing Composite Index slowed its expansion in October, dropping to a reading of 11 compared to 14 recorded in September. This deceleration indicates a cooling trend in manufacturing activity within the Federal Reserve's district. Specific sub-indices also showed signs of easing, with the production index falling to 16 from a previous level of 20. The data suggests a slight softening in industrial momentum as the sector moves through the fourth quarter.
Topics: economic data Federal Reserve manufacturing activity
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Part of the story Kansas City Fed Manufacturing Composite Index Declines in October (2 articles)