Kansas City Fed: "Tenth District Manufacturing Activity Declined Sharply" in March

From the Kansas City Fed: Tenth District Manufacturing Activity Declined Sharply The Federal Reserve Bank of Kansas City released the March Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity declined sharply from a month ago, and expectations for future activity fell to levels last seen in early 2009. "Regional factory activity contracted sharply in March as firms were negatively impacted by COVID-19," said Wilkerson. "Many firms indicated overall......(read more)

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