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KC Fed composite index -9 vs -1 prior

  • Prior was -1
  • Six month index +11
  • New orders -19
  • Employment -2

The six-month metrics are all good on this index however the current ones are poor and that is not the primary time we have seen that currently. There’s one thing unusual within the PMI water.

Feedback within the report:

  • “The labor market is getting higher from each a amount and high quality perspective. Value inputs are semi-stable.
    Some issues down, some issues nonetheless up.
  • “Very cold temperatures are negatively affecting our business right now.”
  • “Supply chain has improved, prices for materials are falling fast and delivery times are much better.”
  • “There’s a number of uncertainty with inflation and demand. We’re being optimistic and planning on development, however
    we do not have the seen indicators to assist that plan out there at present.”
  • “We have a healthy backlog of orders and expect to continue for the near future.”

This text was written by Adam Button at www.forexlive.com.

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