Kansas City Fed Survey: Growth Maintained in March
The Kansas City Fed Manufacturing Survey business conditions indicator measures activity in the following states: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri, and northern New Mexico.
Quarterly data for this indicator dates back to 1995, but monthly data is only available from 2001.
Here is an excerpt from the latest report:
KANSAS CITY, Mo. –The Federal Reserve Bank of Kansas City released the March Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity continued at a solid pace, and optimism remained high for future activity.
“Factory activity continued to grow steadily in March,” said Wilkerson. “Firms continued to report high input and selling prices and many are concerned about higher steel and aluminum tariffs.” [Full PDF release here]
Here is a snapshot of the complete Kansas City Fed Manufacturing Survey.
The next chart is an overlay of the general and future outlook indexes — the outlook six months ahead. Future factory indexes decreased in February to 33 from last month's 38.
For comparison, here is the latest ISM Manufacturing survey.