Tenth District Manufacturing Activity Index Falls in August

The Kansas Fed Manufacturing Activity declined in August to a reading of 29 from 30 in July.

Despite the decrease, the index remained higher than market expectations.

The production index dropped to 22 from 41, while the volume of shipments index decreased to 25 from 37 in July.

Meanwhile, the volume of the new orders index rose to 34 from 26.

The employment index leveled up to 28 from 27 in the previous month.

The future composite index increased to 36 from 33.

The supplier delivery time index rose to 41 from 39, while the raw materials inventory index edged higher to 18 from 15.