K C Fed: Manufacturing Indexes Improve in September

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 All of the current indexes in the Federal Reserve Bank of Kansas City’s Manufacturing Survey were higher m/m in September. The survey’s top line composite index was reported at 14 for September compared to 10 in August. It was the second consecutive monthly increase in this index. The production, shipments, new orders and backlog indexes all increased m/m. The employment indexes were mixed, with employee count remaining at a neutral 0 and the average workweek increasing from 1 to 13. The six-month forward indexes however, were flat to slightly lower, with the composite expectations index dipping to 19 from 20 in August and most of the other forward indexes down slightly. Price pressure was a consistent theme in the comment section with one respondent predicting that “prices to customers are going to go up and go up significantly if something doesn't change quickly. We are looking at a huge new round of inflation. Perhaps even scarcity of supply”.  

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