Kansas City Fed: Manufacturing Activity Improved Moderately in August 2012

August 30th, 2012
in econ_news, syndication

Follow up:

Survey of Tenth District Manufacturing

Growth in Tenth District manufacturing activity improved moderately in August, and producers optimism continued to edge higher. Price indexes were relatively stable, although the share of producers planning to raise prices increased further. Several respondents said the ongoing drought has negatively affected their business, mainly through higher input costs and slower sales for agricultural-related products.

The month-over-month composite index was 8 in August, up from 5 in July and 3 in June (Tables 1 & 2, Chart). The composite index is an average of the production, new orders, employment, supplier delivery time, and raw materials inventory indexes. Manufacturing growth increased at most durable- and nondurable goods-producing plants, particularly for chemical, metal, and transportation products. Most other month-overmonth indexes also increased in August. The production index climbed from 2 to 7, and the shipments, new orders, and order backlog indexes all moved back into positive territory. The new orders for export index inched higher but remained below zero, while the employment index dipped slightly from 6 to 2. Both inventory indexes increased for the second straight month.

Growth in year-over-year factory indexes was mixed. The composite year-over-year index edged down from 20 to 18, and the new orders index also decreased somewhat. The capital expenditures index fell for the first time in seven months, while the new orders for exports index was unchanged. The production index rose from 19 to 25, and the shipments, order backlog, and employment indexes also improved over last month. The raw materials inventory index dropped from 26 to 16, but the finished goods inventory index increased for the second straight month. Most future factory indexes improved further after rebounding last month. The future composite index edged up from 13 to 16, and future production and shipments indexes increased notably after no change last month. The future order backlog index jumped from 3 to 14, while the employment index remained unchanged. In contrast, the future new orders index eased slightly from 22 to 21, and the future capital expenditures and new orders for exports indexes also fell modestly. The future finished goods inventory index rose from 5 to 10, and the raw materials inventory index moved into positive territory.

Price indexes were mixed, though most changes were minimal. The month-over-month finished goods price index posted no change, while the raw materials price index increased for the second straight month. The year-over-year finished goods index stayed flat at 35, but the raw materials index decreased slightly to its lowest level in nearly two years. The future raw materials price index eased slightly after a big increase last month, while the future finished goods price index continued to climb higher, indicating more firms plan to pass recent cost increases through to customers.

read complete source document from Kansas City Fed

Summary of all Federal Reserve Districts Manufacturing:

Richmond Fed (hyperlink to reports):

/images/z richmond_man.PNG

Kansas Fed (hyperlink to reports):

/images/z kansas_man.PNG

Dallas Fed (hyperlink to reports):

/images/z dallas_man.PNG

Philly Fed (hyperlink to reports):

/images/z philly fed1.PNG

New York Fed (hyperlink to reports):

/images/z empire1.PNG

Federal Reserve Industrial Production - Actual Data (hyperlink to report)



Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved