The Kansas City Manufacturing Composite Index fell -2 pts to -4 in April indicating a moderate manufacturing decline.

• The Production index fell -6 pts to -5, and the New Orders index improved 1 pt to -11.
• The Number of Employees index dropped -7 pts to -11, the second lowest in more than two years.
• Prices Paid remained elevated at 42, the highest in around two years, and the Prices Received index jumped 14 pts to 29, also a high for the last two years.
• The futures indicators for Prices Paid and Prices Received surged 14 pts and 20 pts to 59 and 71 respectively as over 60% of firms see increases in both in the next 6 months.
• The capital expenditures index fell into negative territory after increasing slightly last month.
• The future composite index eased from 10 to 6 in April as expectations for production, shipments, and new orders all decreased.

• Almost half of firms reported much more uncertainty about economic conditions compared to the beginning of this year. Approximately 42% of firms reported that there is more uncertainty, with 11% of firms reporting no change.

• 18% of firms reported that their product demand expectations were significantly lower than they were a few months ago, while 35% of firms stated that their expectations were slightly lower.