Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “weakened further in December, and firms’ expectations for future activity remained pessimistic,” according to the bank’s monthly manufacturing survey, released yesterday.

The production index rebounded to negative 21 in December from negative 31 in November, while the volume of shipments index narrowed to negative 17 from negative 38, and the volume of new orders index crept to negative 30 from negative 39, and backlog of orders index improved to negative 29 from negative 38. The new orders for exports index dropped to negative 17 from negative 14, and the supplier delivery time index increased to negative 7 from negative 8.

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