Manufacturing activity eases in March in Kansas City Fed district

The Kansas City Federal Reserve Bank said today that manufacturing activity in its 10th District eased in March but remained positive.

The Fed said its composite index -- a measure of production, new orders, employment, supplier delivery time and raw materials inventory -- was nine in March, down from 13 in February but up from seven in January.

Some manufacturers reported that they benefited from strong regional oil and gas activity, increased agriculture demand and more construction activity, while others said higher gas prices and continued uncertainty were hampering their growth, the Fed said.

Overall growth eased among both durable and non-durable goods manufacturers.

The 10th District includes Kansas, Colorado, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.