Kansas City Fed Services Index Indicates Contraction in September-May 2024-www.financetom.com

Kansas City Fed Services Index Indicates Contraction in September

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Kansas City Fed Services Index Indicates Contraction in September

Sep 28, 2024 12:41 AM

11:08 AM EDT, 09/27/2024 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index fell to a reading of minus 2 in September after rebounding to 5 in August, suggesting a return to contraction.

A reading above zero indicates growth.

The index is in line with the Philadelphia Fed and Richmond Fed indexes but in contrast with the New York Fed and the S&P Global flash measures that signaled expansion.

There was a decrease in the Kansas City revenue/sales reading to minus 1 from 17, while the employment reading increased to minus 5 from minus 9.

The reading of selling prices declined to 7 from 10, while the input price index increased to 31 from 22.

Previous page： JPMorgan has a new way to gauge its green progress Next page： Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital

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.

Show More Comments

Related Articles >

JPMorgan has a new way to gauge its green progress

Nov 15, 2023

As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.

Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital

Nov 29, 2023

Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.

India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh

Oct 18, 2023

Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.

In fight to curb climate change, a grim report shows world is struggling to get on track

Nov 14, 2023

The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.