Kansas City Fed Composite index rises to 24 from 22 previously

KC Fed

  • The KC Fed composite index rose to 24 from a revised 22 last month (was 23).
  • Manufacturing came in at 20 vs 11 last month (revised from 10).
  • Employment 24 vs 18 last month
  • Shipments 5 vs 13 last month
  • New orders 14 vs 22 last month
  • Backlog of orders 27 vs 9 last month
  • Avg workweek 8 vs 8 last month
  • Prices received 49 vs 46 last month
  • Prices paid 64 vs 67 last month
  • Exports 6 vs 1 last month
  • Delivery times 38 vs 44 last month
  • Inventories Materials 27 vs 17 last month
  • Inventories Finished goods 8 vs 4 last month

From Chad Wilkerson from the KC Fed:

“Regional factory activity expanded at a faster pace in January. However, over
half of firms indicated that 10% or more of their workers were out at some point in January due
to COVID. Expectations for future activity remained strong, despite firms reporting difficulties
from COVID, labor shortages, and continued supply chain issues.”

For the full report click here

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