Energy slowdown takes toll on January manufacturing

A downturn for the energy industry fueled a slowdown in regional manufacturing in January, according to a survey released Thursday by the Federal Reserve Bank of Kansas City.

The Fed said its monthly index that measures manufacturing in a seven-state region, which includes part of Missouri, dropped to 3 in January. Though still positive, that’s down from 8 in December and 6 in November.

The report also indicated that factory employment in the region dipped to a five-month low.

The Fed’s index takes into account production, new orders, employment, supplier delivery time and raw materials inventory.

Read more from the Kansas City Star


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