Manufacturing activity in the Federal Reserve Bank of Kansas City's region "fell by a similar modest amount as last month, and producers' expectations moderated but remained positive overall," according to the bank's monthly manufacturing survey, released Thursday.

"We saw another small decline in regional factory activity this month," said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. "Some firms see signs of a pickup in activity later this year driven by pent up demand and new product offerings, but others have become more pessimistic recently as anticipated demand has failed to materialize."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.