FOR IMMEDIATE RELEASE
Aug. 22, 2024
CONTACT: Sarah Dickson
KANSAS CITY, Mo. –The Federal Reserve Bank of Kansas City released the August Manufacturing Survey today. According to Chad Wilkerson, senior vice president at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity declined less this month than in July, and expectations for future activity remained positive.
“Regional factory activity did not decline as much in August following a sharper decline last month,” said Wilkerson. “Production rebounded somewhat while the volume of new orders and employment decreased further but are expected to grow in the next six months.”
A summary of the survey is attached. 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 www.kansascityfed.org.