After a dip in October, the number of manufacturers reporting production increases grew in November, according to the Kansas City Federal Reserve Bank's monthly survey of manufacturers in its 10th District.
The net percentage of firms reporting month-over-month production increases rose to 21 in November. That's up from 10 in October and 14 in September. The increases were reported by durable and nondurable goods manufacturers.
The Fed said all other month-over-month indicators also improved October. The shipments, new orders and order backlog indexes climbed higher, and the employment index reached its highest level since late 2007, it said. The new orders for exports index rose from zero to 11, and both inventory indexes moved into positive territory, the Fed said.
The November survey was based off of 124 responses in the 10th District, which includes Kansas.