FX.co ★ KC Fed Manufacturing Index at Highest Since April 2022

The Kansas City Federal Reserve's Manufacturing Production Index increased to 18 in November 2025, marking the highest level since April 2022. This rise from 15 in October reflects a significant acceleration in manufacturing growth. The sector experienced minor gains in both durable and nondurable goods. Nondurable growth was driven by advancements in the food and printing industries, while the machinery and furniture sectors bolstered durable goods. Most of the month-over-month indexes showed positivity, excluding new export orders and the average workweek, with production and shipments witnessing moderate rises. Regarding pricing trends, there was a slight easing in the price inflation for both finished products and raw materials compared to the previous month. On a year-over-year basis, the majority of indexes were negative, with the exceptions being supplier delivery times and capital expenditures. The indexes for production and employment also remained in negative territory.