The Federal Reserve Bank of Kansas City released its May Manufacturing Survey, showing that business activity in the Tenth District manufacturing sector continued to increase and that firms remained positive about future activity. The survey also indicated that cost pressures stayed elevated. Nearly two-thirds of firms reported that their input prices were changing more frequently than in 2025. The release also notes that the May survey incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, which means historical indexes differ slightly from previously released numbers.
Federal Reserve Bank of Kansas City2026-05-21
Federal Reserve Bank of Kansas City reports further rise in Tenth District manufacturing activity and persistent cost pressures in May
The Federal Reserve Bank of Kansas City’s May Manufacturing Survey reports continued growth in Tenth District manufacturing activity and sustained optimism about future conditions, while cost pressures remain elevated. Nearly two-thirds of firms noted more frequent input price changes than in 2025, and the survey now applies updated seasonal adjustment factors using Census X-13 ARIMA-SEATS, slightly revising historical indexes.