Manufacturing activity in the Federal Reserve Bank of Kansas City's region "fell modestly, although producers'expectations for future activity continued to increase," according to the bank's monthly manufacturing survey, released Thursday.

"We were a bit discouraged to see factory activity decline in June after it expanded slightly in May," said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, "But quite a few contacts lost production or had shipments delayed due to regional storms and flooding, so the downturn appears like it may be temporary."

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