11:09 AM EST, 12/19/2024 (MT Newswires) -- The Kansas City Fed monthly manufacturing index declined to a reading of minus 4 in December from minus 2 in November, compared with expectations for a small increase to a minus 1 print in a survey compiled by Bloomberg as of 7:30 am ET.

The index indicates faster contraction, which is in line with the Philadelphia Fed and the S&P global flash indexes but in contrast with the Empire State index that signaled slight expansion.

The ISM's national manufacturing reading will be released on Jan. 3.

Within the Kansas City data, there were index declines for production, shipment and new orders, while the employment and prices paid reading increased.