11:12 AM EST, 01/23/2025 (MT Newswires) -- The Kansas City Fed monthly manufacturing index was unchanged in January from a downwardly revised reading of minus 5 in December, below expectations for a flat reading in a survey compiled by Bloomberg as of 7:50 am ET.

The index indicates contraction, which is in line with the Empire State index but in contrast with the Philadelphia Fed measure that signaled strong expansion.

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

Within the Kansas City data, there were index gains for shipment and new orders but a decline in the reading for production. The readings for prices paid and employment remained the same as in the previous month.