KC Fed says April manufacturing slowed a bit
04/24/2014 10:02 AM
04/24/2014 10:03 AM
Overall manufacturing activity in the Kansas City Federal Reserve District slowed somewhat in April following a very busy March, but expectations for future activity continued to rise, the Fed said in a news release Thursday.
Production slowed at most durable and non-durable goods-producing plants, with the exception of metal and chemical products. The production index dropped from 22 to 12, and the shipments and new orders indexes also eased. But the order backlog index moved into positive territory for the first time in four months, and the employment index rebounded after falling last month.
The district includes Kansas, Colorado, Nebraska, Oklahoma, Wyoming, the western third of Missouri, and the northern half of New Mexico.
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