Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “moderated somewhat in December, and producers were slightly less optimistic about the months ahead, with few planning major capital expenditures,” according to the bank’s manufacturing survey released yesterday.

The production index decreased to 10 in December from 17 in November, while the volume of shipments index slipped to 6 from 11, the volume of new orders index dropped to zero from 14, and backlog of orders index decreased to negative 4 from positive 2. The new orders for exports index doubled to 4 from 2, and the supplier delivery time index fell to 11 from 13.

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