Bad weather played a part in decreased manufacturing activity during December in a seven-state region that includes western Missouri, according to the Federal Reserve Bank of Kansas City.
The Fed’s monthly manufacturing index posted a reading of minus-3 for December. That’s down from 7 in November and 6 in October. The index tracks production, new orders, employment, supplier delivery time and raw-materials inventories.
The decline is expected to be temporary, according to a Kansas City Fed economist, and firms have an optimistic outlook for the first half of 2014.