The Federal Reserve Bank of Kansas City published its March Manufacturing Survey, reporting that Tenth District manufacturing activity was unchanged, while expectations for future activity eased but remained in expansionary territory. Supporting detail in the release pointed to activity increasing from the prior month and rising modestly year over year for the first time since May 2023. Price growth cooled slightly from the previous month, although nearly half of surveyed firms reported changing prices more often than last year. The Bank also noted that the March survey incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, resulting in slight differences in historical indexes versus prior releases; the new seasonal factors will be used throughout 2025.
Federal Reserve Bank of Kansas City 2026-03-26
Federal Reserve Bank of Kansas City releases March Manufacturing Survey showing unchanged Tenth District activity and cooler expansionary expectations
The Federal Reserve Bank of Kansas City's March Manufacturing Survey indicates unchanged Tenth District manufacturing activity, with future expectations easing but still expansionary. Activity increased from the prior month and modestly year over year, while price growth cooled slightly. The survey now includes new seasonal adjustment factors using Census X-13 ARIMA-SEATS, affecting historical indexes.