Kansas City Fed: Tenth District manufacturing activity expanded at a solid pace in September

"Tenth District manufacturing activity expanded at a solid pace again in September, though growth was somewhat slower than the rapid rate earlier in the year," the Federal Reserve Bank of Kansas City announced on Thursday.

Key takeaways from the press release

• The month-over-month composite index was 13 in September, largely unchanged from 14 in August but down from 23 in July. 
• Future factory activity expectations eased slightly, but remained favorable. 
• The month-over-month raw materials price index edged up from 44 to 45, while the finished goods price index dipped from 27 to 24. 
• More than 70 percent of respondents reported a slight or strong negative impact on business from tariffs.