The Kansas City Fed's Manufacturing Production Index fell to -4 in January 2020 from a downwardly revised -3 in the previous month and compared with market expectations of -6. Meantime, the composite index, an average of the production, new orders, employment, supplier delivery time, and raw materials inventory indexes, rose to -1 from -5 in November, still remaining in contraction territory, driven by declines in nonmetallic mineral products; primary metal; fabricated metal products; computer and electronic products; beverage and tobacco products; and printing manufacturing. Most month-over-month indexes remained slightly negative, and inventories continued to decline. On the other hand, the employment index increased for the first time in over six months, returning into positive territory; and the supplier delivery time index was also slightly positive.
Kansas Fed Manufacturing Index in the United States averaged 7.93 points from 2001 until 2020, reaching an all time high of 35 points in March of 2005 and a record low of -32 points in November of 2008. This page provides - United States Kansas Fed Manufacturing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Kansas Fed Manufacturing Index in the United States is expected to be -4.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.