- Spain: Tourism (Nov), Construction Permits (Oct)
- *Tanzania's GDP moved to NSA 2008*
- Denmark: Retail Trade (Nov); Sweden: Household Consumption Indicator by Retail Sector (Nov); Iceland: PPI (Nov)
- Estonia: PPI (Nov);Hungary: Industrial Sales and New Orders(OCT)
- Turkey: Foreign PPI (Nov)
- Germany: Import/Export Price Index (Nov)
- Japan: Treasury Bills & Financial Bills Trading Volume by Investor, Government Bond Trading Volume by Category of Investors, TSE
- more updates...
Economy in Brief
UK Confidence Dips; Will the Slip Be Ongoing?
The GfK reading for U.K. consumer confidence fell to -4 in December from -2 in November...
U.S. Leading Economic Indicators Show Further Improvement
The Index of Leading Economic Indicators from the Conference Board increased 0.6% last month following a 0.6% October gain...
U.S. Initial Unemployment Insurance Claims Edge Down
Initial claims for unemployment insurance during the week ended December 13 fell to 289,000 (-21.5% y/y)...
Philadelphia Fed Business Conditions Index Indicates Moderating Growth
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index for December declined to 24.5...
German Ifo Bounces in December
The climate, current and expectations indices bounced higher in December from a local low in November...
FOMC Indicates Patience Toward Raising Rates
The Fed indicated, "Based on its current assessment (of the economy), the Committee judges that it can be patient in beginning to normalize the stance of monetary policy."...
by Tom Moeller December 19, 2014
The Federal Reserve Bank of Kansas City reported that its Composite index of 10th District factory sector activity rose to 8 this month, the highest level in three months. It remained, however, near the middle of the recent range. The new orders component rose sharply to its highest level since July. The employment moved sideways at the highest level since May. The composite index is an average of the production, new orders, employment, supplier delivery time and raw materials inventory indexes. The prices paid index fell m/m to 0, the lowest level since May of last year. The index of prices paid for raw materials declined sharply to 5, the lowest point of the economic expansion.
Expectations held steady at the highest level since January, suggesting future improvement in business conditions. Expected prices paid for raw materials, however, slumped to the lowest point since the summer of 2009. Expected finished product prices continued in its recent sideways trend. New orders also continued in its sideways trend since the spring while the shipments figure matched its highest point since April. Employment rose to its highest level since 2006 but the employee workweek reversed most of its November rise. Capital expenditures recovered to the highest level since July.
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.
Modeling Labor Markets in Macroeconomics: Search and Matching from the Federal Reserve Bank of Richmond is available here.
|Kansas City Federal Reserve Manufacturing Survey (SA)||Dec||Nov||Oct||Dec '13||2014||2013||2012|
|Conditions Versus One Month Ago (% Balance)||8||7||4||-3||7||0||4|
|New Orders Volume||12||1||2||1||7||1||0|
|Number of Employees||9||9||6||0||5||-2||5|
|Prices Received for Finished Product||0||6||0||2||5||3||5|
|Expected Conditions in Six Months||22||22||17||15||17||10||12|
|New Orders Volume||26||24||26||24||26||18||21|
|Number of Employees||32||31||16||15||18||9||13|
|Prices Received for Finished Product||25||23||20||18||26||24||24|