The Kansas Fed Manufacturing Index measures manufacturing activity in the United States' Tenth Federal Reserve District on a monthly basis. The index is derived from a survey of approximately 300 manufacturing plants, capturing changes in production levels, shipments, and prices of raw materials and finished goods. This indicator can provide insight into the overall health of the manufacturing sector and is monitored for its implications on economic trends.
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.