Manufacturing activity slowed slightly in November according to a report released Thursday by the Kansas City Federal Reserve.
The net percentage of firms reporting month-over-month increases in production in November was 6, down from 9 in October but equal to 6 in September.
The year-over-year production index remained at 35 this month after rising slightly from 33 two months ago. The future production index experienced a moderate decline this month, falling from 20 to 15, a five-year low.
The shipments index dropped slightly from 11 to 10 and there was a reduction in new orders, with the index falling from 11 to -1.
The order backlog index fell for the second straight month to its lowest level in four years and the order export and supplier delivery time indexes decreased as well.
The future shipments index edged up from 20 to 24, and the future new orders index rose from 10 to 22 after recording a five-year low last month. Additionally, future backlog, employment, and order export indexes all increased slightly after falling in the previous month.
The Kansas City Tenth Federal Reserve District encompasses Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri.