Manufacturing activity in the Kansas City Federal Reserve Bank’s 10th district moved higher in July, though firms’ expectations for future activity eased.
That’s according to the Kansas City Fed’s monthly survey of durable and non-durable goods producers.
“We saw several positive things in this month’s survey,” said Chad Wilkerson, vice president and economist at the Kansas City Fed, in a news release. “Production and shipments rebounded after being disrupted by storms last month. And while some firms remain hesitant to expand, overall capital spending and hiring plans remain positive.”
The Fed said it received 97 responses to the July survey from plants in Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.