The composite index from the Kansas City Fed’s regional manufacturing survey was a reading of +8 in August. This is an increase from July’s reading of +6, and indicates economic expansion in the manufacturing sector at a faster pace.
The Kansas City Fed is the third of the 5 leading regional manufacturing surveys conducted by Federal Reserve banks to report for August. Currently, 4 out of the 5 surveys indicate economic expansion in the manufacturing sector.
Via: floatingpath.com
