Kansas City Fed Mfg Survey Finds Growth Still Solid

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “continued at a solid pace, and producers remained moderately optimistic about the future,” according to the bank’s manufacturing survey, released yesterday.

“Price indexes were mixed, with further increases in raw materials prices, but finished goods prices were mostly stable,” the survey reported.

The production index jumped to 24 in April from 18 in March, the volume of shipments index rose to 27 from 17, the volume of new orders index climbed to 15 from 12, and the backlog of orders index improved to 11 from 7.

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