Kansas City Fed Survey: Growth Slowed in December
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 December Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that growth in Tenth District manufacturing activity slowed, while expectations for future activity edged slightly higher.
“Factories in our region reported a drop in production in December but continued growth in orders, employment, and capital spending” said Wilkerson. “Several contacts noted difficulties with weather or with having enough workers to meet demand.” [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 increased in December to 20 from last month's 16.
For comparison, here is the latest ISM Manufacturing survey.