Archive for Saturday, April 2, 2005

Kansas index drops, but remains ‘consistent, strong’

April 2, 2005

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The Mid-America Business Conditions Survey of supply managers and business leaders in Kansas dropped to 65.6 in March, down from February's regional high of 70.6 but still "consistent with strong growth during the next two quarters," according to the report.

A reading above 50 on the index indicates growth, while a reading below 50 means manufacturing activity is slowing.

Components of the business conditions index for March: new orders, 75; production, 71.9; delivery speed, 46.9; inventories, 43.8; and employment, 68.8.

Somewhat slower growth among nondurable goods manufacturers, especially food processor

"However, as in past months, durable goods manufacturer -- particularly transportation equipment producers -- described vigorous business growth with solid new hiring," he said.

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