11:05 AM EDT, 08/22/2024 (MT Newswires) -- The Kansas City Fed monthly manufacturing index rose to a reading of minus 3 in August from minus 13 in July, compared with expectations for a smaller increase to a reading of minus 9 in a survey compiled by Bloomberg as of 7:35 am ET.

The reading indicates slower contraction, which is in line with the Empire State, Philadelphia Fed and the S&P Global flash indexes released earlier.

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

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