KC Fed: Midwest Manufacturing Slowed In June

Forklift driver in a factory. | Courtesy of Creative Commons
The Kansas City Fed’s index of factory business measures production, new orders, supplier delivery time and raw materials inventory. | Courtesy of Creative Commons

Manufacturing activity in the seven-state region that includes Kansas and part of Missouri had a bumpy June, according to a survey released today by the Federal Reserve Bank of Kansas City.

The monthly index of factory business, which monitors production, new orders, employment, supplier delivery time and raw materials inventory, fell to 6 this month, down from 10 in May and 7 in April.

“We saw some moderation in factory growth in June and many contacts mentioned difficulties finding qualified workers,” said Chad Wilkerson, a vice president and economist at the Kansas City Fed. In particular, companies cited a shortage of welders, engineers and machinists.

Read more from the Kansas City Star

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