FOR IMMEDIATE RELEASE
Nov. 18, 2021
CONTACT: Pam Campbell
The Federal Reserve Bank of Kansas City released the November 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 growth eased slightly, but expectations for future activity remained strong.
“Regional factory activity continued to grow but at a slower pace than in recent months,” said Wilkerson. “Many firms reported additional materials cost increases, and more contacts reported delivery time delays compared to a month ago and a year ago. Labor shortages remain a key inhibitor in meeting higher demand for goods.”
Historical data, results from past surveys and release dates for future surveys can be found at External Linkhttps://kansascityfed.org/surveys/manufacturing-survey/.
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. More information is available online at External Linkwww.kansascityfed.org.