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Kansas City Fed reports a small increase in regional manufacturing

The Federal Reserve Bank of Kansas City said its monthly manufacturing index was 6 in September, up from 3 in August but lower than the reading of 9 in July.
The Federal Reserve Bank of Kansas City said its monthly manufacturing index was 6 in September, up from 3 in August but lower than the reading of 9 in July. The Associated Press

Manufacturing activity increased slightly in September in the seven-state region monitored by the Federal Reserve Bank of Kansas City.

The Fed said Thursday that its monthly manufacturing index was 6 in September, up from 3 in August but lower than the reading of 9 in July.

The index takes into account production, new orders, employment, supplier delivery time and raw materials.

“We saw slightly faster growth this month after a sizable easing in August,” said Chad Wilkerson, a vice president and economist at the Fed.

He said some of the gains were offset by “continued sluggish activity” among food processors that had been facing higher beef costs this year.

The survey also noted that hiring by regional manufacturers was significantly stronger in September compared with August.

The Kansas City Fed monitors Kansas, the western third of Missouri, Nebraska, Wyoming, Colorado, Oklahoma and the northern half of New Mexico.

To reach Steve Rosen, call 816-234-4879 or send email to srosen@kcstar.com.

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