Kansas City Fed composite index +30 in July

• July Kansas City Fed Composite Index: +30 vs. prior +27 in June.
• Manufacturing Index +41 vs. +30 prior.
• “Regional factory activity continued to expand in July and expectations remain positive,” said Wilkerson. “However, 89% of firms reported supply chain issues and 91% reported labor shortages. Many manufacturers have increased overtime for current workers and are raising starting wages to attract applicants.”