The latest index came in at 12, down from 23 last month, indicating slowed expansion in June. The future outlook fell to 10. All figures are seasonally adjusted. 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:

Growth in Tenth District manufacturing activity slowed further but remained positive. Expectations for future activity also moderated slightly but were still at solid levels overall (Chart 1, Tables 1 & 2). Raw materials price indexes eased slightly from last month and compared with last year. Finished goods price indexes increased slightly from a month ago but eased slightly compared with year ago levels. Expectations for future prices remained high, but slightly below previous levels. [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 fell to 10.

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.