The Federal Reserve Bank of Kansas City released its January Manufacturing Survey, showing manufacturing activity in the Tenth Federal Reserve District was unchanged, while expectations for future activity eased but remained in expansionary territory. Regional manufacturing activity and employment levels held steady, and firms continued to expect moderate near-term growth, although respondents pointed to slowing domestic demand, geopolitical uncertainty and worker availability as key concerns. The release also noted the survey now incorporates updated seasonal adjustment factors using Census X-13 ARIMA-SEATS, slightly changing historical index values, with the new seasonal factors to be used throughout 2025.
Federal Reserve Bank of Kansas City 2026-01-22
Federal Reserve Bank of Kansas City reports Tenth District manufacturing unchanged in January as outlook cools
The Federal Reserve Bank of Kansas City's January Manufacturing Survey indicates unchanged manufacturing activity in the Tenth Federal Reserve District, with future expectations easing but still expansionary. The survey now includes updated seasonal adjustment factors using Census X-13 ARIMA-SEATS, affecting historical index values, and will be applied throughout 2025.