The Kansas City Fed’s Manufacturing Production Index jumped to a record high of 41 in July of 2021 from 30 in the previous month. The growth in manufacturing activity continued to be driven by increased activity at durable goods plants, especially primary and fabricated metals, computer and electronic products, transportation equipment, and furniture manufacturing. “Regional factory activity continued to expand in July and expectations remain positive. However, 89% of firms reported supply chain issues and 91% reported labor shortages. Many manufacturers have increased overtime for current workers and are raising starting wages to attract applicants”, said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. source: Federal Reserve Bank of Kansas City
Kansas Fed Manufacturing Index in the United States averaged 8.26 points from 2001 until 2021, reaching an all time high of 41 points in July of 2021 and a record low of -62 points in April of 2020. This page provides – United States Kansas Fed Manufacturing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Kansas Fed Manufacturing Index – data, historical chart, forecasts and calendar of releases – was last updated on July of 2021.
Kansas Fed Manufacturing Index in the United States is expected to be 18.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Kansas Fed Manufacturing Index in the United States to stand at 9.00 in 12 months time. In the long-term, the United States Kansas Fed Manufacturing Index is projected to trend around 5.00 points in 2022, according to our econometric models.