The Kansas City Fed's Manufacturing Production Index rose by 16 points from a month earlier to +23 in July 2020, the highest since November 2018, as factory activity continued to recover from April's record slump. Non-durable goods factories especially food and beverage continued to drive the uptick. Also, activity at durable goods plants grew slightly. The indexes for shipments and new orders also grew considerably compared to a month ago, while the finished goods inventories index was still negative. “Most firms said government programs had positively affected their business over the past 3 months, but a majority of firms also reported challenges rehiring furloughed or laid-off employees due to the extra CARES Act unemployment benefits.”, said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City.
Kansas Fed Manufacturing Index in the United States averaged 7.41 points from 2001 until 2020, 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 September of 2020.
Kansas Fed Manufacturing Index in the United States is expected to be 7.00 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 12.00 in 12 months time. In the long-term, the United States Kansas Fed Manufacturing Index is projected to trend around 4.00 points in 2021 and 5.00 points in 2022, according to our econometric models.