Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “moderated somewhat in October, but producers were more optimistic about future activity,” according to the bank’s monthly manufacturing survey, released yesterday.

The production index decreased to 6 in October from 16 in September.

The volume of shipments index dropped to 1 from 12, the volume of new orders index inched up to 11 from 10, and the backlog of orders index increased to positive 3 from negative 8.

The new orders for exports index dipped to 4 from 5, and the supplier delivery time index remained at 4.

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