The Federal Reserve Bank of Kansas City published its May Manufacturing Survey, reporting that manufacturing activity in the Tenth Federal Reserve District contracted slightly while expectations for future activity remained somewhat positive. Factory activity continued to decline in May, and growth in raw materials and finished product prices cooled after high readings in prior months. Over half of surveyed firms reported changing prices more frequently than a year earlier, but most firms did not change their plans for hiring or capital expenditures. The May release also incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, resulting in slight revisions to historical indexes, with the updated seasonal factors to be used throughout 2025.
Federal Reserve Bank of Kansas City 2025-05-22
Federal Reserve Bank of Kansas City releases May Manufacturing Survey showing slight contraction and cooler price growth
The Federal Reserve Bank of Kansas City's May Manufacturing Survey indicates a slight contraction in manufacturing activity in the Tenth Federal Reserve District, with future expectations remaining somewhat positive. Factory activity declined, and price growth for raw materials and finished products cooled. New seasonal adjustment factors have been applied, resulting in minor revisions to historical indexes.