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Economic Data and Growth

Kansas City Manufacturing Activity Strengthens as New Order Growth Accelerates

Manufacturing activity grew at a faster pace in the Tenth District in September, with the month-over-month composite index rising to 14 from 10 in August. Meanwhile, expectations for future activity edged down from 20 to 19. The month-over-month increase in activity was led by gains in plastics and rubber products and furniture manufacturing. Further, no…

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Economic Data and Growth

Richmond Manufacturing Activity Turns Negative in September as Optimism Wanes

Manufacturing activity in the Fifth District turned negative in September after slowing in August, with the composite manufacturing index declining from 4 to -2. At the same time, local business conditions also contracted, falling from 4 to -6 in September. In line with a slowing in business conditions, manufacturers are less optimistic about the future…

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Economic Data and Growth

S&P U.S. Manufacturing PMI reaches 52-month high in September

The S&P Global Flash U.S. Manufacturing PMI rose from 53.9 to 57.0 in September, a 52-month high. Factory production accelerated at its quickest pace since April 2022, while new order growth hit a more than four-year high. Meanwhile, manufacturing employment rose at its fastest rate since February 2021. Inventories increased in September, while supplier delivery…

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