Manufacturing activity in the Federal Reserve Bank of Kansas City's region "declined slightly in October, and producers' expectations for future activity fell considerably but remained slightly positive," according to the bank's monthly manufacturing survey, released Thursday.

"We saw factories pull back this month for the first time in quite a while, which many firms attributed to the impact of the uncertain political and fiscal situation on customers' willingness to order," said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. "Expectations also weakened considerably for production and employment but, encouragingly, factories' capital spending plans for early next year remained largely intact."

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