Kansas City Fed Manufacturing Index Falls in December 📉
The Kansas City Fed's Manufacturing Production Index fell for the second consecutive month in December 2024, indicating a contraction in the US manufacturing sector, driven by a decline in new orders, shipments, and employee workweek, while inflationary pressures increased.
The article suggests a weakening in the US manufacturing sector, which could have a significant negative impact on the investment portfolio. The decline in new orders, shipments, and employee workweek, along with the increase in inflationary pressures, indicate a challenging environment for manufacturers. This could lead to lower revenues and profitability for companies in the portfolio, particularly those with significant exposure to the manufacturing industry, such as the S&P 500, European market, and some individual stocks like Apple, Microsoft, and AMD.