Mid-America Manufacturing Jumps into Positive Territory
Sharp Upturn in New Orders Propelled the Index Higher
February 2026 Survey Highlights:
A sharp upturn in new February orders pushed the overall index into solid growth territory.
The regional manufacturing sector shed jobs for the 11th straight month.
The wholesale inflation gauge moved higher, further discounting the likelihood of a rate cut at the Federal Reserve’s March 17-18 meetings.
Six of 10 supply managers reported that tariffs had caused economic damage to their firm. As reported by one supply manager, “The constant tariff volatility is not good for business.”
Both export and import readings slumped below growth neutral.
According to U.S. International Trade Administration (ITA) data, regional manufacturing exports for all of 2025 fell 5.4% from 2024. Likewise, the regional importation of manufactured goods sank by 4.0%. Thus, the regional trade deficit in manufactured goods increased from $5.1 billion in 2024 to $6.2 billion in 2025.