Kansas City Fed Manufacturing Survey Unexpectedly Plunges into Contraction
Another one bites the dust.
Another one bites the dust.
The Kansas City Fed manufacturing survey indicated a significant slump in activity even while it remained in positive territory.
Manufacturing activity slowed in the central U.S. while inflation pressures remained very high.
Another regional Fed survey shows mounting inflationary expectations.
White House economists told America inflation would fade in the later months of 2021. Instead, prices are surging again.
There’s nothing transitory about this.
For the second time ever—the other time was in July—every single manufacturer in the Kansas City Fed survey reported higher prices for materials.
Bidenflation spreading in the lastest manufacturing survey from the Kansas City Fed.
Snarled supply chains and a lack of workers are forcing manufacturing prices up at a record pace in the American Midwest
The Kansas City Fed’s manufacturing survey’s composite index jumped to 31, up from an already elevated 26 in March. That is the best reading in the survey’s history.
The Tenth District Manufacturing Survey’s composite index climbed to 24 in February, up from 17 in January. Economists had forecast a mild decline to 15.
Politics and pandemic are weighing down Midwest manufacturing.
A slightly disappointing reading on manufacturing in Colorado, Nebraska, Wyoming, New Mexico, Oklahoma, Kansas, and Missouri.