Kansas City Fed Services Index Declines in December, Still Indicates Expansion-May 2024-www.financetom.com

Kansas City Fed Services Index Declines in December, Still Indicates Expansion

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Kansas City Fed Services Index Declines in December, Still Indicates Expansion

Dec 20, 2024 8:41 AM

11:25 AM EST, 12/20/2024 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index fell to a reading of 2 in December after rising to 9 in November, suggesting more modest expansion.

A reading above zero indicates growth.

There was a decrease in the Kansas City revenue/sales reading to 2 from 14, while the employment reading declined to 3 from 6.

The reading of selling prices rose to 12 from 8, while the input price index remained at 28.

The S&P Global flash index already released also indicated expansion, but the New York Fed's measure suggested contraction.

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