Kansas City Fed composite index +14 in December, above consensus

 

• December Kansas City Fed Composite Index: +14 vs. consensus +10 and prior +11 in November.
• Manufacturing Index +12 vs. +20 prior.
• “Regional factories reported another month of solid growth, but activity continues to lag preCOVID levels,” said Wilkerson. “The recent wave of COVID-19 has negatively affected manufacturers, but many firms still indicated significant capital spending plans for the coming year.”
• Manufacturing composite indexes:
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