Kansas City Fed Survey: Activity Remained Strong in June

The latest index came in at 27, up 1 from last month's 26, indicating expansion in June. The future outlook increased to 37 this month from 33. Here is a snapshot of the complete Kansas City Fed Manufacturing Survey.

Quarterly data for this indicator dates back to 1995, but monthly data is only available from 2001.

Here is an excerpt from the latest report:

Tenth District manufacturing activity remained strong, and expectations for future activity increased to a survey record high (Chart 1, Tables 1 & 2). The index of prices paid for raw materials and prices received for finished goods compared with a month ago remained very high. Price indexes vs. a year ago posted record highs again in June. Moving forward, district firms expected materials prices and finished goods prices to continue to increase over the next six months. [Full report here]

Here is a snapshot of the complete Kansas City Fed Manufacturing Survey.

The next chart is an overlay of the general and future outlook indexes — the outlook six months ahead. Future factory indexes increased to 37.

For comparison, here is the latest ISM Manufacturing survey.

Let's compare all five Regional Manufacturing indicators. Here is a three-month moving average overlay of each since 2001 (for those with data).

Here is the same chart including the average of the five.