Tenth District Manufacturing Activity Was Unchanged in August

FOR IMMEDIATE RELEASE

Aug. 24, 2023

CONTACT: Sarah Dickson

KANSAS CITY, Mo. – The Federal Reserve Bank of Kansas City released the August 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 was unchanged in August, and expectations for future activity rose slightly.

“Regional factory activity was basically flat in August,” said Wilkerson. “Firms also reported
another decline in finished product prices but anticipate output prices to rise in coming months.”

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 External Linkwww.kansascityfed.org.