The Kansas City Fed's Manufacturing Production Index fell by 8 points to +12 in December of 2020, pointing to the lowest factory output growth in five months. More than three-quarters of factories indicated the recent surge in COVID-19 cases has negatively affected their firm’s business. Regarding capital outlays, 71% of firms reported investing in equipment to enhance production capacity as their primary motivation for the upcoming year, and 61% listed labor-saving technology. Another 35% of contacts said IT infrastructure was a primary motivator for capital outlays in the upcoming year. On the other hand, over half of firms indicated they will be reducing capital outlays for facilities for the upcoming year. source: Federal Reserve Bank of Kansas City
Kansas Fed Manufacturing Index in the United States averaged 7.59 points from 2001 until 2020, reaching an all time high of 35 points in March of 2005 and a record low of -62 points in April of 2020. This page provides - United States Kansas Fed Manufacturing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Kansas Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Kansas Fed Manufacturing Index in the United States is expected to be 17.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Kansas Fed Manufacturing Index in the United States to stand at 8.00 in 12 months time. In the long-term, the United States Kansas Fed Manufacturing Index is projected to trend around 4.00 points in 2021 and 5.00 points in 2022, according to our econometric models.