Friday, November 22, 2013

Kansas City Fed: Manufacturing Survey shows Activity Growing at "Moderate Rate"

by Calculated Risk on 11/22/2013 11:00:00 AM

From the Kansas City Fed: Tenth District Manufacturing Survey Continued to Grow

The Federal Reserve Bank of Kansas City released the November 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 continued to grow, and producers’ expectations for future activity improved moderately.

Factory activity in our region continues to hum along at a moderate rate of growth” said Wilkerson. “The marked improvement in hiring plans was a nice development"
...
The month-over-month composite index was 7 in November, up from 6 in October and 2 in September ... The new orders index jumped from 3 to 15 ...
emphasis added
In aggregate the regional surveys have suggested slower growth in November. The last of the regional Fed manufacturing surveys for November will be released early next week (Richmond and Dallas Fed).