Fed survey shows slightly brighter manufacturing outlook for region

Manufacturing in the Kansas City Federal Reserve Bank District improved in August, with producers’ expectations rising slightly after falling last month.

Price indexes rose modestly, with a continued increase in future finished goods prices.

“Although some district firms noted weakness in August associated with federal spending cuts and difficulties finding workers, we were encouraged to see another solid gain in our composite index and most of its components,” said bank economist Chad Wilkerson in a statement.

The district includes Kansas, Colorado, Nebraska, Oklahoma, Wyoming, the western third of Missouri and the northern half of New Mexico.