Kansas City Fed composite index +13 in October

October Kansas City Fed Composite Index: +13 vs. +13 consensus and prior +11 in September.

Manufacturing Index +23 vs. +18 prior.

“Regional factory activity expanded in October but remained below year-ago levels for over half of firms,” said Wilkerson. “While 55% of firms reported that employment was at or above preCOVID levels, most expected that sales and capital spending would not return to pre-COVID levels in the immediate future.”