Friday, July 27, 2012

KC Fed: Manufacturing activity in district 'remained modest'

Yesterday, the Kansas City Fed released its report on manufacturing activity for the tenth district, which includes Colorado.

According to the report, overall activity indexes were a mixed bag although the overall outlook remained mildly positive:

The majority of year-over-year factory indexes eased somewhat. The composite year-over-year index edged down from 24 to 20, and the shipments, new orders, and order backlog indexes also fell. The employment index dropped for the third straight month but remained positive, and the new orders for exports index decreased marginally. In contrast, the capital expenditures index increased from 21 to 23, and both inventory indexes also rose.

See the full report here