Kansas Fed: Growth in Tenth District manufacturing activity slowed slightly but remained solid

"The pace of growth in Tenth District manufacturing activity slowed slightly but remained solid, and optimism remained high for future activity," the Federal Reserve Bank of Kansas announced on Friday.

Key highlights

The month-over-month composite index was 16 in November, down from 23 in October and 17 in September.

The new orders for exports index was unchanged.

The raw materials inventory index increased to 45, its highest reading in survey history, and the finished goods inventory index rose from 15 to 28.

Future factory activity expectations eased slightly from high levels.

Most price indexes were unchanged or slightly higher in November.