Regional manufacturing activity dips to 2009 levels, KC Fed reports

Manufacturing activity in the region fell to its lowest level since the recession as a dip in international trade and struggles in the energy sector took a toll on some businesses, according to the Federal Reserve Bank of Kansas City.

The Kansas City Fed’s monthly manufacturing index fell to -13 in May, down from -7 in April and -4 in March. The index measures production, new orders, employment, delivery time and material costs for manufacturers in a seven-state region that includes northern Missouri.

Despite the index reaching its lowest point since 2009, Kansas City Fed Vice President Chad Wilkerson said, businesses still plan “modest” increases in hiring in the next six to 12 months.

Read more from the Kansas City Star

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