Federal Reserve Bank of Kansas City (11/21/14)

The Federal Reserve Bank of Kansas City’s November Manufacturing Survey revealed that Tenth District manufacturing activity in the Plains states expanded at a slightly faster pace in November, and producers’ expectations for future activity increased further.

“Regional factory growth improved somewhat in November, although many contacts reported that the cost to retain or hire quality employees is rising,” said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. “The majority of firms expected activity to improve considerably in the next six months.”