KC Fed: September manufacturing activity slows a bit

Manufacturing activity in the Kansas City Federal Reserve Bank region slowed a bit in September, according to results of the monthly Fed survey released on Thursday.

The Fed characterized the slowdown as moderate, though manufacturers were feeling better about future activity.

“We saw slightly slower growth this month, but firms were much more optimistic about industry activity in early 2014,” Chad Wilkerson, vice president and economist at the Kansas City Fed, said in a news release. “Worker shortages remained a problem at many firms.”

The survey covers manufacturing firms in the Fed’s 10th District, which encompasses the western third of Missouri, all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming, and the northern half of New Mexico.