Prior month was 17
The Kansas City Fed manufacturing activity index came in higher-than-expected 26 versus 17 expected.
- new orders rose to 37 from -1 last month.. Big jump.
- new orders spike to the highest levels since 2003
- Production 33 versus 20 last month
- number of employees 26, unchanged from last month
- prices paid 52 versus 55 last month
- shipments 37 versus 12 last month
- order backlog 29 versus 14 last month
- exports 1, unchanged versus last month
- delivery Time 17 versus 30 last month
- material inventory 17 versus 11 last month
- finished inventories for versus 9 last month
- prices received 29 versus 24 last
The KC Fed said:
"Factory activity accelerated in April despite concerns among many firms about changes in international trade policy. Price indexes also continue to rise."
