2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Kansas City Fed Manufacturing Index  
Released On 8/23/2018 11:00:00 AM For Aug, 2018
PriorConsensusConsensus RangeActual
Level23 23 22  to 25 14 

Highlights
This morning's manufacturing PMI as well as last week's Philly Fed report both showed slowing in August, as does the Kansas City manufacturing index which came in at 14. This is 9 points below Econoday's consensus and the lowest reading of the year.

Orders slowed 12 points to 9 this month with backlogs still strong, down only 1 point to 8. Shipments slowed by 4 points to 18 with production down 12 points to 10. And hiring is also down 12 points to 14.

The workweek is up only 1 point this month, down from 14 in July. But slowing may be a plus for this sample given the risk that activity was becoming unsustainably strong. Delivery times continue to lengthen but to a lesser degree, at 19 vs 28 in July. Inventory growth is steady for raw materials and slowing slightly for finished goods. Price data are steady to lower at highly elevated rates.

Based on advance indications from small sample surveys like this report, August may prove to be relatively soft for the nation's factory sector giving manufacturers some needed breathing room to expand capacity.

Consensus Outlook
Steady strength at a high level is the forecast for the August edition of the Kansas City manufacturing index, at a consensus 23 in what would be unchanged from July. The July report saw a little less acceleration in orders and production but even more stress in deliveries and prices.

Definition
The Kansas City Fed index offers a monthly assessment of change in the region's manufacturing sector. Positive readings indicate monthly growth and negative readings monthly contraction. Readings at zero indicate no change. The headline number is the composite index, an average of the production, new orders, employment, delivery time, and raw materials inventory indexes.  Why Investors Care
 
 

2018 Release Schedule
Released On: 1/252/223/224/265/246/287/268/239/2710/2511/1612/21
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


powered by  [Econoday]