Manufacturing industry

The April Midwest Economy Index climbed to 0.53 from an unrevised 0.52 in March, the Federal Reserve Bank of Chicago said Thursday.

Texas factory activity, as measured by the production index, “rose markedly in May,” reaching a 12-year high.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported stronger activity and optimism, while prices were little changed at high levels.

Manufacturers report continued growth in May, but the Federal Reserve Bank of Philadelphia Report on Business respondents reported increasing costs.

Prices paid remain elevated, while business activity improved, the Empire State Manufacturing Survey, released Monday by the Federal Reserve Bank of New York, suggested.

The New York economy continues to expand.

The overall economy grew for the 108th straight time, the Institute for Supply Management reported Tuesday.

Texas factory activity, as measured by the production index, “rose markedly in April after posting slower growth in March.”

Respondents pointed to issues arising from tariffs and price increases for the decline.

Respondents to the monthly manufacturing survey reported higher prices received, suggesting growing inflation, while respondents voiced concern about trade policy.