FOR IMMEDIATE RELEASE
Dec. 16, 2021
CONTACT: Pam Campbell
KANSAS CITY, Mo. - The Federal Reserve Bank of Kansas City released the December Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity growth edged higher, but expectations for future activity moderated slightly.
"Regional factory activity continued to grow modestly in December," said Wilkerson. "Materials price increases slowed slightly from a month ago, and most firms expected to raise wages in 2022."
The Federal Reserve Bank of Kansas City serves the Tenth Federal Reserve District, encompassing the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of New Mexico. As part of the nation's central bank, the Bank participates in setting national monetary policy, supervising and regulating numerous commercial banks and bank holding companies, and providing financial services to depository institutions.