11:11 AM EDT, 10/24/2024 (MT Newswires) -- The Kansas City Fed monthly manufacturing index rose to a reading of minus 4 in October from minus 8 in September, compared with expectations for a smaller increase to a minus 7 print in a survey compiled by Bloomberg as of 7:45 am ET.

The index indicates slower contraction, which is in line with the Empire State, Richmond Fed and the S&P Global flash indexes but in contrast with the Philadelphia Fed reading that signaled expansion.

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

Within the Kansas City data, there were index gains for production, shipment, new orders, the number of employees, and the prices paid readings, though new orders and employment readings remained negative, while production reading improved to zero.