Economy
Tenth District Manufacturing Slower in September Says Kansas City Fed
Written by Sandy Williams
September 29, 2013
Manufacturing activity in the Tenth District slowed in September according to a survey by the Federal Reserve Bank of Kansas City. The month-over-month composite index that factors in production, new orders, employment, supplier delivery times, and raw materials inventory indices, was 2, dropping from 8 in August and 6 in July.
The production index slid from 21 to 4 in September along with decrease in shipments, new orders and backlogs. The employment index retreated from a rise in August. The raw materials index was flat for the month but the finished goods index decreased slightly. The price indices for finished goods and raw material prices fell slightly month-over-month
Manufacturers responded with optimism in the future factor indexes. The future composite index doubled from 9 to 18, reaching its highest level since March 2012. Production, shipments, new orders and employment are all expected to grow. Future capital expenditures increased from 13 to 17. The index for future new orders for exports dropped slightly. Future inventory levels are expected to remain stable.
Survey comments revealed a shortage labor in the Tenth District.
The September survey was based on responses from 104 manufacturers from Colorado, Kansas, Nebraska, Wyoming, northern New Mexico and western Missouri.
Sandy Williams
Read more from Sandy WilliamsLatest in Economy
Fed indicators show continued stability in manufacturing
Recent Federal Reserve data indicates that the US manufacturing sector remains healthy and stable. The strength of the manufacturing economy has a direct relationship to the health of the steel industry.
January energy market update
In this Premium analysis we cover North American oil and natural gas prices, drilling rig activity, and crude oil stock levels. Trends in energy prices and active rig counts are leading demand indicators for oil country tubular goods (OCTG), line pipe and other steel products.
New York state manufacturing fell in January
“Price increases, while subdued, picked up,” Richard Deitz, Economic Research Advisor at the New York Fed. “Firms grew more optimistic that conditions would improve in the months ahead.”
Beige Book shows mixed economic trends, manufacturing challenges, tariff concerns
Economic activity across the US experienced slight to moderate growth at the end of 2024, while manufacturing activity showed a slight decline
Contractors concerned about tariffs, immigration in 2025: AGC survey
AGC said Trump should be “sparing” in imposing new tariffs and exclude products needed for domestic manufacturing, energy and infrastructure.