11:07 AM EDT, 10/25/2024 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index rebounded to a reading of 5 in October after falling to minus 2 in September, suggesting a return to expansion.

A reading above zero indicates growth.

The index is in line with the Philadelphia Fed, Richmond Fed and the S&P Global flash indexes but in contrast with the New York Fed's measure that signaled contraction.

There was an increase in the Kansas City revenue/sales reading to 7 from minus 1 and the employment reading increased to 4 from minus 5.

The reading of selling prices rose to 9 from 7, while the input price index fell to 24 from 31 but still indicates significant growth.