The Kansas City Federal Reserve Bank survey showed that manufacturing activity in the district increased in March, in part because businesses were trying to make up for earlier months’ softness caused by winter weather.
Producers’ expectations were mostly stable and at solid levels, according to Chad Wilkerson, vice president and economist at the bank. Many firms cited difficulties finding qualified workers with some additional pressure on wages. Most price indexes were stable or slightly higher.
The bank district includes Kansas, Nebraska, Oklahoma, Colorado, Wyoming, the western third of Missouri and the northern half of New Mexico.