- Japan: First Ten Days Trade (Mar), International Trade, Foreign Banks Foreign Banks in Japan (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency Assets, Liabilities, and Currency Flows (Feb); Australia: Flow of Funds (Q4), Job Vacancies (Q1)
- Korea: Building Permits (Feb); Philippines: LFS (Q3)
- US: IIP (Q4)
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
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...
by Tom Moeller October 27, 2016
The Federal Reserve Bank of Kansas City reported that regional manufacturing sector business activity was unchanged at 6 during October. That represented improvement, however, versus negative readings registered back to early last year. New orders have significantly strengthened, as have shipments. Employment also has grown along with the length of the employee workweek. Supplier delivery times have shortened. Prices continued to decline, although the rate of decline stabilized. Raw materials prices were unchanged.
Expectations for business conditions in six months improved greatly as a result of higher expected shipments. Growth in expected orders eased, however, following improvement since a year ago. Future employment registered the strongest reading since January of last year, but the expected workweek remained stable. Expected capital expenditures continued to improve as did expected export orders. The future inventories reading jumped. Expectations for prices continued to be positive, although the rate of increase sagged. Expected raw materials prices continued to strengthen.
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)||Oct||Sep||Aug||Oct '15||2015||2014||2013|
|Conditions Versus One Month Ago (% Balance)||6||6||-4||-3||-5||7||0|
|New Orders Volume||14||12||-7||3||-8||7||1|
|Number of Employees||7||-3||-10||-5||-10||5||-2|
|Prices Received for Finished Product||-5||-7||-7||-4||-5||5||4|
|Expected Conditions in Six Months||18||10||11||0||4||17||10|
|New Orders Volume||16||24||23||8||11||26||18|
|Number of Employees||21||14||12||6||6||18||9|
|Prices Received for Finished Product||8||7||17||10||9||26||24|