Economy
February 22, 2017
Tenth District Manufacturing Expands in February
Written by Sandy Williams
Tenth District manufacturing expanded in February achieving its highest index reading since June 2011, said the Federal Reserve Bank of Kansas City. The month over month composite manufacturing index was at 14 in February after registering 9 in January and December.
New orders, order backlog and employment indexes were higher in February, while production and shipments, although still solid, eased from January levels. The finished goods inventory index jumped from -4 to 5 and the raw materials inventory index posted at 11, compared to -3 in January.
