Tenth District Manufacturing Activity Declined Slightly in February

FOR IMMEDIATE RELEASE
Feb. 29, 2024

CONTACT: Sarah Dickson

KANSAS CITY, Mo. – The Federal Reserve Bank of Kansas City released the February 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 slightly in February and expectations for future activity moderated but remained slightly positive.

“Regional factory activity fell slightly in February, and expectations for future activity were not as high as last month,” said Wilkerson. “Production and new orders were essentially flat, but the volume of shipments and employment picked up.”

A summary of the survey is attached. Historical data, results from past surveys, and release dates for future surveys can be found at https://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.