FOR IMMEDIATE RELEASE
April 22, 2021
CONTACT: Pam Campbell
KANSAS CITY, Mo.– The Federal Reserve Bank of Kansas City released the April Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity expanded further with the highest monthly composite reading in survey history, and expectations for future activity increased considerably.
“Regional factories reported historic growth and very positive expectations in April,” said Wilkerson. “Compared to pre-pandemic levels, new orders and employment have risen for some contacts, but varied by industry. Looking forward, firms remained concerned about the lack of qualified workers, supply chain constraints, and high materials prices.”
Historical data, results from past surveys and release dates for future surveys can be found at www.kansascityfed.org/research/indicatorsdata/mfg.
The Federal Reserve Bank of Kansas City serves the Tenth Federal Reserve District, encompassing the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of New Mexico. As part of the nation’s central bank, the Bank participates in setting national monetary policy, supervising and regulating numerous commercial banks and bank holding companies, and providing financial services to depository institutions. More information is available online at External Linkwww.kansascityfed.org.