Down from 28 last month
The KC Fed Manufacturing index for July comes in at 23 vs 25 est.
- The index is lower vs the 28 level last month
- prices paid 52 versus 47
- new orders 21 versus 27
- production 22 versus 38
- average number of employees 26 versus 24
- average workweek 14 versus 25
- shipments 12 versus 39
- composites six-month outlook falls to 34 versus 36
As per a KC Fed economist:
"Our composite index came down slightly from record highs in recent months. Many firms remain concerned about labor availability and tariffs but optimism is still high"
