Manufacturing activity in the Federal Reserve Bank of Kansas City's region "fell at a slower rate, but producers were considerably more optimistic about future months," according to the bank's monthly manufacturing survey, released Thursday.

"Factory activity rebounded somewhat in March, although overall levels still remain sluggish.  Contacts continued to cite uncertainty about healthcare costs and the overall economy as reasons for lower growth," said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. "However, the outlook for future activity was notably more positive than in previous months."

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