Kansas City Fed Survey: Further Expansion in April
The latest index came in at 31, up 5 from last month's 26, which indicates expansion in April. The future outlook decreased to 34 this month from 35. Here is a snapshot of the complete Kansas City Fed Manufacturing Survey.
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:
“Regional factories reported historic growth and very positive expectations in April,” said Wilkerson. “Compared to pre-pandemic levels, new orders and employment have risen for some contacts, but varied by industry. Looking forward, firms remained concerned about the lack of qualified workers, supply chain constraints, and high materials prices.” [Full report 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 slightly to 34.
For comparison, here is the latest ISM Manufacturing survey.