Manufacturing declines may be spreading beyond oil and ag in KC Fed district

Manufacturing levels in the Kansas City Federal Reserve Bank district declined in June, after last month’s brief rebound, resuming a more than year-long down trend, according to the bank’s monthly survey.

The downturn in the energy and agriculture sectors which has hurt the region for more than year may be spreading to other sectors with national and international events such as the British departure from the European Union, according to some of the survey respondents.

However, expectations for future activity also increased to its highest level in over a year, and the price indexes were mixed.

The district includes Kansas, Nebraska, Oklahoma, Colorado and Wyoming, the western third of Missouri and the northern half of New Mexico.

This story was originally published July 28, 2016 at 11:08 AM with the headline "Manufacturing declines may be spreading beyond oil and ag in KC Fed district."