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KC Fed factory gauge improves slightly in Sept.
Marketwatch ^ | 9.29.11 | Greg Robb

Posted on 09/29/2011 8:23:20 AM PDT by Free Vulcan

...The Kansas City Fed's manufacturing composite index increased to 6 in September from 3 in August. Readings above zero indicate expansion...

The rest of the story from the KC Fed:

The production index rose from -2 to 3, and the shipments, new orders, and order backlog indexes also edged up. The employment index increased for the second straight month, but the new orders for exports index fell slightly after rising last month. Both inventory indexes increased somewhat.

The shipments, order backlog, and new orders for exports indexes all rose slightly, and the capital expenditures index increased to its highest level in nearly a year. In contrast, the new orders index moved lower from 22 to 18, and the employment index also edged down...

Most future factory indexes eased further in September, but producers on net still expected factory activity to rise heading forward. The future composite index edged down from 9 to 6, and the future shipments and new order indexes also fell but remained in positive territory. The future capital expenditures index dropped from 18 to 5, and the future employment index also eased. However, the future production index was unchanged, and the future order backlog index inched higher. The future finished goods inventory index rose slightly from -6 to -5, while the future raw materials inventory index fell further.

Price indexes increased slightly after generally easing in recent months. The month-over-month raw materials price index edged up from 28 to 30, and the finished goods price index also increased. The year-over-year finished goods and raw materials price indexes both moved higher. The future raw materials price index inched upward from 77 to 78, and the future finished goods price index increased after falling for two straight months...

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: fed; index; kc; manufacturing
This doesn't totally surprise me, the Midwest is doing fairly well compared to alot of the rest of the country. Some of it may be oil related due to the Bakken boom just on the outside of their territory.
1 posted on 09/29/2011 8:23:24 AM PDT by Free Vulcan
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To: Free Vulcan

Durable-Goods Orders Inch Down

2 posted on 09/29/2011 8:26:54 AM PDT by ilovesarah2012
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