Kansas City Depression Continues


ECONODAY: The Kansas City manufacturing index remains depressed, at minus 9 in June vs minus 13 and minus 9 in the two prior readings. If there is a positive, it's that new orders are only marginally in the negative column at minus 3. But everything else is mostly in the deep part of the negative column including production, at minus 21, and shipments at minus 15. The workweek is in contraction as is hiring. Price readings are mixed with raw material costs jumping, which is consistent with other reports, and little change for prices of final goods...