Federal Reserve Bank reports increased business activity

 

February business activity increased in Oklahoma and other states that make up the Tenth District of the Federal Reserve Bank of Kansas.

Chad Wilkerson, vice president and economist at the Federal Reserve bank said the increase was revealed in the February Manufacturing Survey which showed business growth compared to January and a year earlier. It also showed that expectations for future business activity increased.

“Regional factories reported higher activity in February,” said Wilkerson. “Most businesses reported more production and shipments, despite some difficulties due to the extreme weather events recently. However, rising materials prices and shipping delays have negatively affected 85% of firms.”

The Tenth Federal Reserve District includes all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; the western third of Missouri; and the northern half of New Mexico.

 

Click here to view survey results.