The Federal Reserve Bank of Kansas City’s September Manufacturing Survey found that Tenth District manufacturing activity continued to increase, while expectations for future activity remained steady. Price indexes also rose during the month. Manufacturers identified increased automation and technology, investment in training and upskilling, and flexible work arrangements as their leading strategies for managing an aging workforce. The survey incorporates new seasonal adjustment factors, resulting in slight revisions to historical indexes.
Federal Reserve Bank of Kansas City reports continued Tenth District manufacturing growth and steady outlook
The Federal Reserve Bank of Kansas City reported continued growth in Tenth District manufacturing activity and rising price indexes, while expectations remained steady. Manufacturers cited automation, worker training and flexible work arrangements as their main responses to an aging workforce.