The Kansas City Fed's Manufacturing Production Index rose by 10 points to 22 in January of 2021 from a 5-month low of 12 in December. Activity rose more at durable goods plants, driven by manufacturing of primary metals, machinery, electronics, and transportation equipment. Production, shipments, new orders, employment, employee workweeks, new orders for exports, and supplier delivery time increased further in January and order backlog expanded at a steady pace. Also, expectations for future activity rose further. “COVID-19 vaccination is a key factor in manufacturers’ overall business outlook for 2021, but with less impact on hiring and capital spending in the near-term”, said Chad Wilkerson, vice president of the Federal Reserve Bank of Kansas City. source: Federal Reserve Bank of Kansas City
Kansas Fed Manufacturing Index in the United States averaged 7.66 points from 2001 until 2021, reaching an all time high of 35 points in March of 2005 and a record low of -62 points in April of 2020. This page provides - United States Kansas Fed Manufacturing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Kansas Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Kansas Fed Manufacturing Index in the United States is expected to be 10.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Kansas Fed Manufacturing Index in the United States to stand at 4.00 in 12 months time. In the long-term, the United States Kansas Fed Manufacturing Index is projected to trend around 5.00 points in 2022, according to our econometric models.