- US: IIP (Q4)
- Zambia: BOP (Q4); Israel: Credit Card Purchases (Feb); UAE: CPI (Feb); Saudi Arabia: GDP (Q4-Prelim)
- Hungary: Employment (Feb); Bulgaria: Business Survey (Mar); Kazakhstan: Consolidated Budget (Feb)
- Sweden: Consumer Confidence, Business Tendency Survey, Public Finance (Mar); Iceland: PPI (Feb)
- Spain: Mortgage Market (Jan), Order Book Forecast (Mar)
- Italy: ISTAT Business & Consumer Survey (Mar)
- more updates...
Economy in Brief
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
by Tom Moeller July 28, 2016
The Federal Reserve Bank of Kansas City reported that regional manufacturing sector business activity deteriorated sharply during July, and completely reversed the improvement during the prior three months. The Composite Index of 10th District factory sector activity fell to -6, the weakest figure since March. Deterioration in the component readings was broad-based, notably for shipments, new orders and production. The materials inventories and employment figures also declined moderately as did export orders. Prices paid for finished products fell sharply, but raw materials prices eased following increases early this year.
The Composite Index reflecting 6-month expectations improved sharply to the highest reading since January of last year. The strength completely reversed deterioration through last September. Improvement was notable for new orders, production and the employee workweek. Expected export orders rose slightly. The increases in the employment and capital expenditures measures moderated. Expected prices for finished products jumped to the highest level in 12 months while raw materials prices also strengthened.
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 and northern New Mexico. Data for the Kansas City Fed Survey can be found in Haver's SURVEYS database.
|Kansas City Federal Reserve Manufacturing Survey (SA)||Jul||Jun||May||Jul '14||2015||2014||2013|
|Conditions Versus One Month Ago (% Balance)||-6||2||-5||-7||-5||7||0|
|New Orders Volume||-5||4||-3||-7||-8||7||1|
|Number of Employees||-5||-4||-13||-17||-10||5||-2|
|Prices Received for Finished Product||-11||-4||-8||2||-5||5||4|
|Expected Conditions in Six Months||14||7||4||4||4||17||10|
|New Orders Volume||30||12||15||13||11||26||18|
|Number of Employees||6||13||-4||5||6||18||9|
|Prices Received for Finished Product||13||5||-1||13||9||26||24|