Manufacturing activity declines in Oklahoma, region, Federal Reserve says

The Federal Reserve Bank of Kansas City said manufacturing in the region that includes Oklahoma contracted in January, led by concerns over political stalemate in Washington.

 
By Paul Monies | Published: January 25, 2013    Comment on this article Leave a comment

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“The ‘fiscal cliff' was a short term issue — we make decisions looking at long-term trends,” said a more optimistic manufacturer. “It may have slowed some of our sales on a short-term basis, but it was probably just delaying sales that will be made later.”

The composite index for the manufacturing survey was down 2 points in January after being down 1 point in December and down 3 points in November, the bank said. The composite index is an average of the production, new orders, employment, supplier delivery time and raw materials inventory indexes.

The January manufacturing survey included 104 responses from plants in Oklahoma, Colorado, Kansas, Nebraska, Wyoming, northern New Mexico and western Missouri.

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