Posted July 30, 2010
Kansas City Fed: Manufacturing rebounds moderately
Tenth District manufacturing activity rebounded moderately in July, and expectations for future production remained positive.
However, plans for future hiring and capital spending were essentially flat. Price indexes were mostly unchanged.
The net percentage of firms reporting month-over-month increases in production in July was 14, up from 3 in June and 5 in May. The increase in production occurred among both durable and nondurable goods producing plants, with the exception of aircraft producers, who reported a slight downturn.
Year-over-year factory indexes rebounded strongly after slowing a bit last month. The production index increased from 9 to 25, its highest level in almost three years.
The Tenth Federal Reserve District encompasses Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.
Click here to access the Industrial Supply magazine Resource Library on current Federal Reserve District Manufacturing Surveys.
