Posted April 30, 2010
Fed: 10th District manufacturing grows at solid pace
Growth in Tenth District manufacturing activity continued at a solid pace, and producers remained moderately optimistic about the future.
According to the Kansas City Federal Reserve, price indexes were mixed, with further increases in raw materials prices, but finished goods prices were mostly stable.
Production increased at both durable and nondurable goods-producing plants. Most other month-over-month indicators climbed higher in April. The shipments, new orders, and order backlog indexes all increased, and the employment index recorded its highest level in over two years.
The Tenth Federal Reserve District encompasses Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.
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