Manufacturing activity in the Federal Reserve Bank of Kansas City's region "activity eased further in November, while producers' expectations were unchanged from last month at modestly positive levels," according to the bank's monthly manufacturing survey, released Thursday.

"We saw a decline in regional factory activity for the second straight month, and firms have put hiring plans on hold for the next six months," said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. "However, overall production and capital spending are expected to rise moderately in coming months."

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