11:20 AM EST, 11/22/2024 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index rose to a reading of 9 in November after increasing to 5 in October, suggesting more widespread expansion.

A reading above zero indicates growth.

The index is in line with the S&P Global flash index but in contrast with the New York Fed's measure that suggested contraction.

There was an increase in the Kansas City revenue/sales reading to 14 from 7, while the employment reading increased to 6 from 4.

The reading of selling prices decreased to 8 from 9, while the input price index increased to 28 from 24.