Kansas City Fed Manufacturing Index: Activity Continued to Increase in May

Published on June 25, 2026

The Kansas City Fed Manufacturing Survey revealed regional activity continued to increase in May. The composite index came in at 8 this month, down slightly from 10 in April but still indicating continued expansion.

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Real Disposable Income Per Capita Up 0.2% in May

June 25, 2026
With the release of May's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. To two decimal places, disposable income per capita was up up 0.68% month-over-month. But when adjusted for inflation, real disposable income per capita was up 0.23%.

The Big Four Recession Indicators: Real Personal Income

June 25, 2026
Personal income (excluding transfer receipts) was up 0.70% in May and was up 3.62% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.25% month-over-month and down 0.43% year-over-year.