Economy
May 24, 2017
Kansas City Manufacturers Expecting Future Growth
Written by Sandy Williams
Manufacturing grew moderately in the Tenth District in May, according to the Federal Reserve Bank of Kansas City. In the bank’s latest survey the composite index rose to 8 from 7 in April. Indicators were mixed, with little change overall from last month. Production and shipment indexes were slightly lower as employment and backlogs inched higher.
New order and new export orders were flat. The finished goods inventory index slid from 8 to zero while raw materials was unchanged at 4. The indices for prices of finished and raw materials eased somewhat.
