Thursday, September 27, 2012

KC Fed: manufacturing activity "slowed somewhat" in district

The Federal Reserve of Kanasa City released its September Manufacturing Report today on the tenth district, which in cludes Colorado:

According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that growth in Tenth District manufacturing activity slowed somewhat, although producers' expectations for future activity remained relatively positive.

"Factories reported only minimal overall growth in our region in September, and both production and new orders fell slightly" said Wilkerson. "But firms anticipate growth to pick up later this year and on into next year."

See the full report here.