The Federal Reserve Bank of Kansas City published its April Manufacturing Survey, indicating that Tenth District manufacturing was unchanged and that expectations for future activity cooled while remaining expansionary. Cortney Cowley, assistant vice president and Oklahoma City Branch executive, noted that regional manufacturing activity increased from the prior month and was up modestly year over year for the first time since May 2023. Price growth eased slightly from the previous month, but nearly half of firms reported changing prices more often than last year. The release also noted that the April survey incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, which slightly changes historical indexes from previously released figures, and that the new seasonal factors will be used throughout 2025.
Federal Reserve Bank of Kansas City 2026-04-23
Federal Reserve Bank of Kansas City releases April Manufacturing Survey showing flat Tenth District activity and cooler expansionary expectations
The Federal Reserve Bank of Kansas City’s April Manufacturing Survey reported unchanged Tenth District manufacturing activity, with expectations for future activity cooling but remaining expansionary. Regional manufacturing increased from the prior month and was modestly higher year over year for the first time since May 2023, while price growth eased slightly even as nearly half of firms reported more frequent price changes. The survey also introduced new Census X-13 ARIMA-SEATS seasonal adjustment factors that slightly revise historical indexes.