The Kansas City Federal Reserve reported a further decline in its Manufacturing Index for December 2024. The index, which tracks the manufacturing sector's performance in the Tenth Federal Reserve District, fell to -5, down from -4 in November 2024, reflecting a continued contraction in the region's manufacturing activities.
The latest data, updated on December 19, 2024, underscores ongoing challenges for manufacturers who are grappling with economic uncertainty, supply chain disruptions, and fluctuating demand. The negative reading indicates that more manufacturers reported a decrease in activity compared to those who experienced an increase.
Analysts are closely monitoring the situation, as the continued decline could have broader implications for the region's economic health, potentially influencing employment and investment decisions moving forward. The situation remains dynamic, and manufacturers are hopeful for potential policy interventions or market adjustments that could pave the way for recovery in the coming months.
The material has been provided by InstaForex Company - www.instaforex.com
The latest data, updated on December 19, 2024, underscores ongoing challenges for manufacturers who are grappling with economic uncertainty, supply chain disruptions, and fluctuating demand. The negative reading indicates that more manufacturers reported a decrease in activity compared to those who experienced an increase.
Analysts are closely monitoring the situation, as the continued decline could have broader implications for the region's economic health, potentially influencing employment and investment decisions moving forward. The situation remains dynamic, and manufacturers are hopeful for potential policy interventions or market adjustments that could pave the way for recovery in the coming months.
The material has been provided by InstaForex Company - www.instaforex.com