11:07 AM EDT, 07/25/2024 (MT Newswires) -- The Kansas City Fed monthly manufacturing index fell to a reading of minus 13 in July from minus 8 in June, compared with expectations for an increase to minus 5 in a survey compiled by Bloomberg as of 8 am ET.

The reading indicates faster contraction, which is in line with the Empire State, Richmond Fed and the S&P Global flash indexes released earlier but contrasts with the Philadelphia Fed index that indicated expansion.

The ISM's national manufacturing reading will be released on August 1.

Within the Kansas City data, there were index declines for production, shipments, volume of new orders and the number of employees, all to larger negatives, while the prices paid reading increased to indicate faster expansion.