USA: Kansas Fed Manufacturing Slows Again.

The Kansas City Fed’s Manufacturing Production Index edged down for a second consecutive month to 9 in May 2026 from 10 in April. It is the lowest reading in four months, as durable manufacturing activity growth slowed further, driven by declines in transportation equipment, while nondurable manufacturing activity continued to increase, driven primarily by paper and printing manufacturing. Most month-over-month indexes were positive except for new orders for exports, employee count, and raw material inventories.