“Tenth District manufacturing activity expanded at a slower pace in October compared with the rapid expansion earlier in the year,” the Federal Reserve Bank of Kansas reported on Thursday.
Key takeaways from the press release
- The month-over-month composite index was 8 in October, down from 13 in September and 14 in August.
- The future composite index edged down from 27 to 21, and the future employment, capital expenditures, and new orders for exports indexes also fell.
- The month-over-month finished goods price index dipped from 24 to 19, and the raw materials price index declined from 45 to 33.
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