Tenth District Manufacturing Slower in September Says Kansas City Fed

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