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December 2020 Kansas City Fed Manufacturing Expands Further Analyst Opinion of Kansas City Fed Manufacturing Kansas City Fed manufacturing has been one of the more stable districts. Note that the key internals were positive. This survey should be considered about the same as last month. Both new orders declined while the backlog improved. Market expectations from Econoday were +8 to +17 (consensus +10). The reported value was 14. Any value below zero is in contraction. z kansas man.PNG The Federal Reserve Bank of Kansas City released the December 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 expanded further in December. Manufacturing activity was still below year ago levels, but expectations for future activity were positive. Regional factories reported another month of solid growth, but activity continues to lag preCOVID levels,

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