Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “slowed in July after a solid rebound in June, but producers remain generally upbeat about future activity,” according to the bank’s monthly manufacturing survey, released Thursday.
“Factory activity in our region grew at a slower pace in July after rebounding solidly in June,” said Chad Wilkerson, vice president and economist at the Kansas City Fed. “Several firms blamed the slowdown on customers being cautious until the national debt ceiling debate is resolved.”
The composite index slumped to 3 in July from 14 in June.
