Kansas City Fed: Manufacturing rebounds moderately
Tenth District manufacturing activity rebounded moderately in July, and expectations for future production remained positive.
However, plans for future hiring and capital spending were essentially flat. Price indexes were mostly unchanged.
The net percentage of firms reporting month-over-month increases in production in July was 14, up from 3 in June and 5 in May. The increase in production occurred among both durable and nondurable goods producing plants, with the exception of aircraft producers, who reported a slight downturn.
Year-over-year factory indexes rebounded strongly after slowing a bit last month. The production index increased from 9 to 25, its highest level in almost three years.
The Tenth Federal Reserve District encompasses Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.
Click here to access the Industrial Supply magazine Resource Library on current Federal Reserve District Manufacturing Surveys.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
