US DATA: July KC Fed Mfg Survey composite 5 vs 3 June. Text says this
is modest growth. “Manufacturing growth increased at most nondurable
goods-producing plants, while growth was flat to slightly negative for
durable goods production. Other month-over-month indexes were mixed in
July. The production index fell further from 12 to 2, and the shipments
index dipped into negative territory. The new orders for export index
dropped from -7 to -13, almost matching the all-time low of -14 in early
2009. However, the new orders index edged up from -7 to -4, and the
employment and order backlog indexes also improved over last month.
Both inventory indexes rose considerably.” No employees 6 vs 3. Prices
paid 81 vs 7.