Prior was +10Composite index +8 vs +10 prior
Manufacturing activity continued to increase in the tenth district, while expectations for future activity grew slightly from last month. Raw materials prices remained elevated this month, while growth for finished products rose modestly.
According to Cortney Cowley, assistant vice president and Oklahoma City Branch executive “manufacturing activity rose further in May, and firms anticipate continued growth in the months ahead. Firms continued to cite elevated cost pressures. Nearly two-thirds reported their input prices were changing more frequently than in 2025.”
This month, contacts were asked special questions about changes in input and output prices and hiring and capital investment plan changes. A quarter of firms reported their input prices are changing at about the same rate as last year, 65% reported their input prices are changing more often, and 10% reported their input prices are changing less often. Over half (53%) of firms reported their output prices are changing at about the same rate as 2025, 33% reported output prices are changing more often, and 14% reported their output prices are changing less often.
Firms were also asked about any changes in their hiring and capital investment plans since the start of the year. Over half (58%) of firms have not changed their hiring plans since the start of the year, 22% expect to hire more workers, and 20% expect to hire less workers. Almost a quarter (23%) of firms expect to decrease capital investments, 15% expect to increase capital investments, and 62% of firms have not changed their capital investment plans
This article was written by Giuseppe Dellamotta at investinglive.com.