Provided by Dow Jones By Xavier Fontdegloria Manufacturing activity in the central part of the U.S. accelerated its expansion pace in April from already solid levels the previous month, data from a survey from the Federal Reserve Bank of Kansas City showed Thursday. The Tenth District Manufacturing Survey s composite index came in at 31 in April, up from 26 in March and the highest monthly reading in the survey s history. Economists polled by The Wall Street Journal expected the indicator to increase to 27. The index, which takes into account factors such as production and employment, covers the western third of Missouri, all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming, and the northern half of New Mexico. Values greater than zero suggest expansion, while values below zero indicate contraction. April marks the eleventh consecutive month in which the index remains in growth territory.
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Kansas City Fed: Manufacturing Activity Unexpectedly Jumps Past Prepandemic Level
25 Feb 2021
The growth of manufacturing activity in Middle America accelerated in February, data from a survey by the Federal Reserve Bank of Kansas City showed Thursday.
The Tenth District Manufacturing Survey’s composite index climbed to 24 in February, up from 17 in January. Economists had forecast a mild decline to 15.
The Kansas City Fed covers the western third of Missouri, Kansas, Colorado, Nebraska, Oklahoma and Wyoming, and the northern half of New Mexico.
The advance is even more startling considering the severe winter conditions that prevailed for much of the country in February.