Tenth District Manufacturing Activity Continued to Expand at a Strong Pace

FOR IMMEDIATE RELEASE
May 27, 2021
CONTACT: Pam Campbell

KANSAS CITY, Mo. – The Federal Reserve Bank of Kansas City released the May Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity continued to expand at a strong pace, and expectations for future activity remained solid.

“Regional factory activity increased again in May with strong expectations for future activity,” said Wilkerson. “Supply chain delays and rising materials prices have negatively impacted over 84% of firms. A majority of firms also reported plans to increase wages in 2021, partially in response to difficulties attracting qualified job applicants."

Historical data, results from past surveys and release dates for future surveys are also available.

The Federal Reserve Bank of Kansas City serves the Tenth Federal Reserve District, encompassing the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of New Mexico. As part of the nation’s central bank, the Bank participates in setting national monetary policy, supervising and regulating numerous commercial banks and bank holding companies, and providing financial services to depository institutions.