Manufacturing activity remained sluggish this month in a seven-state region monitored by the Federal Reserve Bank of Kansas City.
The Kansas City Fed’s index of factory business showed a -8 reading in September, compared with a -9 reading in August and -7 in July.
“Survey respondents continued to blame a strong dollar and weak energy activity for declining factory activity,” said Chad Wilkerson, a vice president and economist at the Kansas City Fed.
The survey monitors new orders, employment, production, and supplier delivery times. The Fed’s region includes Kansas and the northern part of Missouri.