The Kansas City Fed’s Manufacturing Production Index fell further to -1 in June of 2022 from 19 in the prior month, reaching the lowest level since May of 2020. The slower pace of factory growth was driven by reduced activity at durable goods plants in June, especially electrical equipment, transportation equipment, and furniture-related product manufacturing. Indexes for production, shipments, new orders, and order backlog declined, while inventory indexes increased slightly. "Over 85 percent of firms reported delays in shipping and product availability as continued negative impacts on their business activity, with around half of firms not expecting any improvements in the next six months." said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. source: Federal Reserve Bank of Kansas City
Kansas Fed Manufacturing Index in the United States averaged 8.77 points from 2001 until 2022, reaching an all time high of 46 points in March of 2022 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 July of 2022.
Kansas Fed Manufacturing Index in the United States is expected to be 9.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Kansas Fed Manufacturing Index is projected to trend around 5.00 points in 2023, according to our econometric models.