Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “declined in June, although export activity continued at solid levels and firms’ expectations for future factory activity remained generally positive,” according to the bank’s monthly manufacturing survey released yesterday. “Price pressures intensified, with nearly all survey price indexes posting record high levels.”

The production index slipped to negative 13 in June from zero in May, the volume of shipments index decreased to negative 14 from positive 6, the volume of new orders index declined to negative 3 from zero, and the backlog of orders index fell to negative 12 from zero. The new orders for exports index slumped to 8 from 17, and the supplier delivery time index increased to 14 from 5.

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