Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “grew moderately in November, and producers were increasingly optimistic about the months ahead,” according to the bank’s monthly manufacturing survey, released Wednesday.
“Price indexes continued to rise for raw materials, and finished goods price indexes also began to edge higher.”
The production index increased to 17 in November from 6 in October, while the volume of shipments index surged to 11 from 1, and the volume of new orders index gained to 14 from 11.
In projections for six months from now, the production index gained to 36 from 29. The shipments index rose to 33 from 25, while new orders slipped to 25 from 31.
