Mid-American Economy

Mid-America Manufacturing Job Gains Continue

Freight Costs and Tariffs Elevate Inflation 

August 2026 Survey Highlights:

  • The overall index moved above growth neutral for a seventh straight month.
  • For only the third time in the past 12 months, the employment index rose above growth neutral.
  • One in five firms detailed additional hiring for the month.
  • Continued elevated inflation at the wholesale level increases the odds of a Federal Reserve rate hike at its September 16-17 meetings.
  • Almost four of five supply managers reported increases in transportation or freight costs.
  • Approximately, 29% of supply managers reported that higher tariffs were a prime factor in driving costs higher.
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