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Calculated Risk

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Calculated Risk: Kansas City Fed: Tenth District Manufacturing Activity Increased in February

The Federal Reserve Bank of Kansas City released the February
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 climbed higher in February compared to a month ago and a year ago, and expectations
for future activity increased.
“Regional factories reported higher activity in February,” said Wilkerson. “Most businesses
reported more production and shipments, despite some difficulties due to the extreme weather
events recently. However, rising materials prices and shipping delays have negatively affected
85% of firms.”
.
The month-over-month composite index was 24 in February, up from 17 in January and 14 in December. The composite index is an average of the production, new orders, employment, supplier ....

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