Economy
November 23, 2013
Fed Manufacturing Surveys Indicate Modest Growth in November
Written by Sandy Williams
Tenth District: Manufacturing activity and expectations for future growth grew modestly in the Tenth District in November according to a survey conducted by the Federal Reserve Bank of Kansas City.
The index for new orders surged from 3 to 15, month-over-month, and indices increased for order backlogs and employment. Indices fell in production, shipments, new export orders, raw materials, and finished goods. Most of the indices for future activity rose in November with the future composite index picking up four points from last month for a reading of 12.
