financetom
Economy
financetom
/
Economy
/
Kansas City Fed Services Index Indicates Contraction in July
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kansas City Fed Services Index Indicates Contraction in July
Jul 25, 2025 11:15 PM

11:12 AM EDT, 07/25/2025 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index fell to a reading of minus 5 in July after falling to 3 in June, suggesting contraction.

A reading above zero indicates growth.

The index is in line with the New York Fed and Philadelphia Fed readings released earlier but in contrast with the readings from the Richmond Fed and the S&P Global flash indexes that suggested expansion.

There was a decrease in the Kansas City revenue/sales reading to minus 8 from 2, while the employment reading fell to minus 6 from 6.

The reading of selling prices increased to 17 from 16, while the input price index declined to 34 from 39.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed Beige Book Shows Modest Economic Expansion: Energy Prices On The Rise, 'Sharp Increases In Insurance Rates'
Fed Beige Book Shows Modest Economic Expansion: Energy Prices On The Rise, 'Sharp Increases In Insurance Rates'
Apr 17, 2024
The latest Federal Reserve Beige Book report released Wednesday shows a slight expansion in overall economic activity, with 10 of the 12 districts showing growth, a mild improvement from previous findings. Consumer spending displayed minimal growth, manufacturing activity declined slightly and employment rose modestly. Several regions noted a cautiously optimistic economic outlook. Key Details From April Fed Beige Book Consumer...
Renminbi Depreciation Risk Supports US Dollar Outlook, ING Says
Renminbi Depreciation Risk Supports US Dollar Outlook, ING Says
Apr 17, 2024
04:51 AM EDT, 04/17/2024 (MT Newswires) -- China's renminbi could be on the cusp of another episodic bout of depreciation, which is a tried and tested recipe for US dollar strength relative to other currencies in Asia and beyond, according to strategists at ING. A strong dollar and market pessimism about the Chinese economic growth outlook have kept USD/CNY and...
More Interest from 'Real Money' Needed for Further US Dollar Gains, BofA Says
More Interest from 'Real Money' Needed for Further US Dollar Gains, BofA Says
Apr 17, 2024
07:24 AM EDT, 04/17/2024 (MT Newswires) -- The US dollar has outperformed all other G10 and G20 currencies for the recent month and year but any further gains would now likely require increased participation from real money buyers, according to BofA Global Research. Hedge funds have built their largest US dollar long positions since before the onset of the coronavirus...
US trade chief calls for 'decisive' action to shield EV sector from China
US trade chief calls for 'decisive' action to shield EV sector from China
Apr 17, 2024
WASHINGTON (Reuters) -The U.S. must take decisive action to protect electric vehicles (EVs) from subsidized Chinese competition, U.S. Trade Representative Katherine Tai said on Wednesday as she completes a review of Trump-era China tariffs and considers President Joe Biden's call for higher tariffs on imports of Chinese steel. Tai told a U.S. Senate Finance Committee hearing that the U.S. needed...
Copyright 2023-2025 - www.financetom.com All Rights Reserved