Manufacturing activity in the Federal Reserve Bank of Kansas City's region "improved somewhat, rising above zero for the first time in seven months, and producers' expectations for future activity also increased," according to the bank's monthly manufacturing survey, released Thursday.

The composite index rose to positive 2 in May from negative 5 in April, while the production index increased to 5 from 1, volume of shipments climbed to 8 from 7, and the volume of new orders index jumped to 6 from zero, and the backlog of orders index remained at negative 8. The new orders for exports index narrowed to negative 6 from negative 8, and the supplier delivery time index reversed to positive 5 from negative 4.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.