There were no signs of life today in the Kansas City Region Fed Manufacturing Survey.

Production, shipping, new orders, backlog of orders, number of employees,  and new export orders were all in negative territory.

Kansas City 2016-08A

Workweek likely rose due to employment falling more. Note that prices received declined but prices paid rose.

Since March of 2015, the Kansas City index was in positive territory only twice. Once was at +2, the other at +1.0.

Kansas City 2016-08B

Above chart from Bloomberg Econoday.

Disastrous August

Signs of life were purportedly spotted in today’s durable goods report. For details, please see Durable Goods Orders Up 4.4 Percent: Signs of Manufacturing Life?.

Mike “Mish” Shedlock