KC Fed manufacturing index 18 in Feb vs 5 in Jan
Feb 22 (Reuters) - Details of the Federal Reserve Bank of Kansas City's monthly manufacturing index, released on Thursday.
Following are details from the survey:
Expected MANUFACTURING SURVEY Feb Jan (Prev) 6 mos. Production 18 5 5 25 Shipments 20 16 16 21 New Orders 20 9 9 23 Backlog Orders 9 -4 -4 13 Number of employees 13 8 8 25 Average workweek 7 -4 -4 12 Finished product prices 15 11 11 36 Raw product prices 37 35 35 52 Capital expenditures N/A N/A N/A 30 Inventory-materials 13 8 8 -5 Inventory-finished goods -7 -7 -7 -5
N/A - not available
NOTES:
The survey included 104 responses from manufacturing plants in Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.
The index is calculated by subtracting the percentage of total respondents reporting decreases from the percentage reporting increases. Index values greater than zero generally suggest expansion, while values less than zero indicate contraction, the Kansas City Fed said.
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