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Friday, May 28, 2021

Kansas City Fed composite index +26 in May

  • May Kansas City Fed Composite Index+26 vs. prior +31 in April.
  • Manufacturing Index +32 vs. +40 prior.
  • “Regional factory activity increased again in May with strong expectations for future activity,” said Wilkerson. “Supply chain delays and rising materials prices have negatively impacted over 84% of firms. A majority of firms also reported plans to increase wages in 2021, partially in response to difficulties attracting qualified job applicants. ”

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