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.