February manufacturing activity up slightly in KC Fed district
02/27/2014 10:02 AM
02/27/2014 10:03 AM
The Kansas City Federal Reserve Bank said Thursday that growth in manufacturing activity in the 10th District was “slightly positive” in February.
That’s according to the Fed’s monthly survey of manufacturers in the district that encompasses Colorado, Kansas, Nebraska, Oklahoma, Wyoming, the western third of Missouri and northern New Mexico.
The Fed said activity declined at non-durable goods-producing plants, but production of durable goods products increased slightly for the month.
“The story in February was similar to January,” said Chad Wilkerson, vice president and economist at the Kansas City Fed, in a news release. “Regional factory activity was held back somewhat by unusually harsh weather, but still managed to grow modestly.”
The Fed said future factory indexes eased slightly from historical highs in January but remained solid overall.
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