The Kansas Fed Composite Index measures current manufacturing activity in the United States' Tenth District, derived from a monthly survey of approximately 150 manufacturing plants. The index reflects changes in production, shipments, new orders, and employment, offering valuable insights into regional economic conditions and trends in the manufacturing sector.
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.