US DATA: Oct KC Fed composite index 8 vs 6 Sept, production 6 vs 3
Sept. New orders 3 vs 5. Prices paid 24. “Factory activity in our region
strengthened slightly in October, and firms now expect a modest
acceleration heading forward despite some concerns about negative
impacts on business from financial turmoil in Europe. Producer price
increases eased slightly in October, but a sizable share of firms
continues to anticipate higher input and selling prices in coming
months.