Manufacturing slows in the Midwest
06/26/2014 11:06 AM
06/26/2014 5:05 PM
Manufacturing activity in the seven-state region that includes Kansas and part of Missouri had a bumpy June, according to a survey released Thursday by the Federal Reserve Bank of Kansas City.
The Fed said its monthly index of factory business dipped to a reading of 6 in June, down from 10 in May and 7 in April.
“We saw some moderation in factory growth in June and many contacts mentioned difficulties finding qualified workers,” said Chad Wilkerson, a vice president and economist at the Kansas City Fed.
In particular, companies cited a shortage of welders, engineers and machinists.
The index monitors production, new orders, employment, supplier delivery time and raw material inventory. Besides Kansas and the western third of Missouri, the Kansas City Fed’s territory covers Nebraska, Wyoming, Colorado, Oklahoma and the northern part of New Mexico.
The survey also noted that business expectations for future factory orders “showed little change and remained at solid levels.”
To reach Steve Rosen, call 816-234-4879 or send email to firstname.lastname@example.org.
Join the Discussion
The Kansas City Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.