Kansas City Fed Services Survey
Monthly diffusion indexes from the Federal Reserve Bank of Kansas City's survey of service-sector firms in the Tenth District - Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri and northern New Mexico - since January 2014.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Versus a month ago11 | ||||||||||||||||||||||||||||||||||||||
| Composite index | -3 | 14 | 5 | 10 | 3 | 15 | 6 | 2 | 1 | -6 | -4 | -6 | 3 | -3 | 2 | 8 | 2 | 0 | 1 | -1 | 3 | 9 | 6 | 2 | 3 | -1 | 2 | 8 | 6 | 7 | 8 | 1 | -5 | 0 | 0 | 3 | -2 | |
| General revenue/sales | 0 | 19 | 3 | 12 | 6 | 18 | 15 | 4 | 3 | -3 | -4 | -8 | 3 | -5 | 2 | 10 | 2 | 3 | -2 | -4 | 2 | 13 | 8 | 5 | 14 | -12 | 4 | 4 | 2 | 5 | 13 | 3 | -11 | 1 | -1 | 4 | -7 | |
| Number of employees | -4 | 4 | 1 | 5 | -5 | 7 | -5 | -3 | -5 | -14 | -4 | -10 | 1 | -3 | 4 | 7 | 1 | -5 | 2 | 0 | 4 | 6 | 4 | -2 | -10 | 13 | -6 | 15 | 5 | 9 | -1 | -8 | 2 | -1 | 4 | 0 | 2 | |
| Employee hours worked | -5 | -1 | 8 | 8 | -2 | 8 | -1 | -7 | -10 | -9 | -4 | -10 | -1 | -4 | 1 | 8 | 0 | -9 | -4 | 0 | 7 | 6 | 5 | 3 | -1 | 4 | -2 | 6 | 2 | 3 | 4 | 0 | -6 | 0 | -2 | 0 | -2 | |
| Part-time/temporary employment | -3 | -5 | 8 | -5 | -1 | 3 | 5 | -4 | -1 | -4 | 6 | -9 | -10 | -13 | 2 | 0 | -8 | -7 | -4 | -4 | -1 | -2 | 0 | -4 | -1 | -1 | -4 | 8 | 2 | -7 | -9 | -9 | -6 | -3 | -9 | -2 | -1 | |
| Wages and benefits | 24 | 29 | 17 | 18 | 22 | 16 | 17 | 24 | 14 | 24 | 20 | 17 | 21 | 19 | 24 | 27 | 21 | 16 | 14 | 20 | 21 | 22 | 31 | 14 | 19 | 19 | 17 | 28 | 32 | 35 | 25 | 25 | 15 | 22 | 21 | 23 | 21 | |
| Inventory levels | -7 | 14 | 16 | 11 | 9 | 18 | 1 | 3 | 7 | -1 | -2 | 4 | 6 | 2 | 0 | 2 | 2 | -1 | 7 | 3 | 2 | 4 | 5 | 0 | -3 | 5 | 8 | 9 | 16 | 8 | 7 | 7 | -2 | 0 | -2 | 6 | 5 | |
| Credit conditions/access to credit | -2 | -5 | -2 | -1 | -2 | -4 | 0 | -1 | -2 | -4 | -3 | -2 | -3 | -4 | -1 | -4 | -3 | -4 | -8 | -7 | -5 | 0 | -3 | -7 | -6 | -3 | -7 | -8 | -9 | -10 | -9 | -5 | -5 | -8 | -11 | -9 | -11 | |
| Capital expenditures | 16 | 24 | 19 | 19 | 8 | 10 | 10 | 18 | 9 | -3 | 11 | 8 | 6 | 11 | 7 | 16 | 14 | 14 | 4 | 17 | 16 | 13 | 21 | 17 | 11 | 11 | 15 | 19 | 15 | 27 | 4 | 8 | 10 | 18 | 4 | 9 | 13 | |
| Input prices | 46 | 45 | 51 | 54 | 48 | 45 | 31 | 39 | 38 | 33 | 36 | 38 | 43 | 35 | 39 | 42 | 46 | 40 | 38 | 34 | 29 | 27 | 27 | 29 | 23 | 23 | 29 | 33 | 32 | 34 | 38 | 32 | 13 | 36 | 34 | 45 | 36 | |
| Selling prices | 8 | 12 | 16 | 20 | 23 | 19 | 14 | 21 | 11 | 14 | 19 | 11 | 15 | 16 | 16 | 17 | 15 | 12 | 15 | 13 | 11 | 7 | 7 | 8 | 7 | 1 | 0 | 4 | 10 | 16 | 5 | 10 | 1 | 12 | 7 | 11 | -3 | |
| Expected in six months11 | ||||||||||||||||||||||||||||||||||||||
| Composite index | 5 | 24 | 26 | 11 | 22 | 17 | 13 | 15 | 11 | 2 | 3 | 6 | 10 | 9 | 11 | 12 | 14 | 12 | 15 | 13 | 15 | 12 | 12 | 8 | 13 | 6 | 9 | 8 | 5 | 1 | -1 | 4 | -2 | 12 | 5 | 4 | 3 | |
| General revenue/sales | 12 | 39 | 41 | 16 | 34 | 20 | 21 | 30 | 20 | 7 | 10 | 13 | 17 | 11 | 14 | 12 | 20 | 15 | 21 | 16 | 21 | 14 | 12 | 9 | 22 | 13 | 13 | 17 | 3 | 7 | -5 | 5 | -4 | 20 | 12 | 6 | 0 | |
| Number of employees | -5 | 14 | 11 | 6 | 13 | 16 | 3 | -3 | 6 | -4 | 2 | -3 | 0 | 8 | 11 | 17 | 13 | 10 | 13 | 15 | 14 | 16 | 18 | 12 | 9 | 3 | 9 | -3 | 1 | -1 | 5 | 3 | 1 | 5 | 1 | 2 | 10 | |
| Employee hours worked | -4 | 10 | 17 | 6 | 1 | 5 | 6 | -1 | 12 | -12 | -6 | -3 | 9 | 4 | 0 | 15 | 6 | 7 | -1 | 10 | 5 | 7 | 12 | 11 | 5 | 2 | 3 | -2 | -12 | 5 | 0 | -4 | 6 | 8 | 6 | 2 | 2 | |
| Part-time/temporary employment | -4 | 2 | 4 | -8 | 10 | 4 | 8 | -8 | -4 | -10 | -6 | -4 | -12 | -6 | 0 | 2 | -1 | 0 | 0 | 6 | 9 | -3 | -3 | 3 | 4 | 2 | -6 | -2 | -4 | -4 | -8 | -3 | -4 | 3 | 1 | 0 | 3 | |
| Wages and benefits | 37 | 46 | 52 | 49 | 51 | 51 | 44 | 38 | 44 | 42 | 45 | 38 | 47 | 38 | 37 | 51 | 40 | 49 | 44 | 48 | 40 | 29 | 43 | 40 | 41 | 41 | 44 | 60 | 56 | 52 | 52 | 39 | 29 | 44 | 49 | 49 | 45 | |
| Inventory levels | 1 | 1 | 10 | 4 | 5 | 9 | 7 | 6 | -2 | -3 | -11 | 1 | 5 | 5 | 3 | 6 | -1 | 5 | 4 | 1 | 2 | -1 | 3 | -3 | -5 | -5 | -1 | 3 | 17 | -9 | 0 | 2 | -1 | 3 | -5 | 4 | 2 | |
| Credit conditions/access to credit | 0 | -2 | 2 | 2 | -1 | 3 | 8 | -3 | 0 | -3 | -1 | -1 | -1 | -1 | -2 | -1 | 1 | -1 | -5 | -5 | 3 | 0 | -3 | -2 | -2 | -5 | -6 | -14 | -8 | -7 | -10 | -10 | -3 | -9 | -16 | -11 | -15 | |
| Capital expenditures | 17 | 26 | 25 | 17 | 1 | 19 | 17 | 14 | 14 | 1 | 9 | 4 | 5 | 5 | 5 | 17 | 11 | 11 | 9 | 15 | 9 | 10 | 17 | 15 | 14 | 9 | 1 | 15 | 15 | 12 | 7 | 8 | 11 | 22 | 10 | 9 | 13 | |
| Input prices | 60 | 70 | 62 | 59 | 70 | 61 | 49 | 51 | 53 | 48 | 54 | 51 | 62 | 54 | 55 | 60 | 68 | 58 | 60 | 57 | 48 | 42 | 49 | 47 | 44 | 41 | 52 | 62 | 56 | 45 | 60 | 52 | 38 | 56 | 46 | 56 | 49 | |
| Selling prices | 31 | 38 | 33 | 30 | 35 | 33 | 31 | 41 | 30 | 21 | 30 | 28 | 34 | 38 | 26 | 38 | 40 | 34 | 36 | 34 | 27 | 15 | 20 | 34 | 26 | 19 | 21 | 33 | 31 | 32 | 26 | 29 | 31 | 35 | 33 | 27 | 25 |
Latest reading
Composite index stood at −3 Diffusion index in Aug 2026. That is −17 Diffusion index from Jul 2026 and −6 Diffusion index from a year earlier. The series on this page is monthly and runs from Jan 2014 to Aug 2026. Source: Federal Reserve Bank of Kansas City - Services Survey.
- Latest
- −3 Diffusion index
- Aug 2026
- vs previous period
- −17 Diffusion index
- Jul 2026
- vs a year earlier
- −6 Diffusion index
About this data
Monthly diffusion indexes from the Federal Reserve Bank of Kansas City's survey of service-sector firms in the Tenth District - Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri and northern New Mexico - since January 2014. Each index is the share of firms reporting an increase minus the share reporting a decrease, so a reading above zero means expansion. The survey covers retail, wholesale, transportation, real estate, restaurants, health care, professional services and tourism, and is the services counterpart of the Kansas City manufacturing survey. The two seasonally adjusted blocks are shown: conditions versus a month ago and expectations for six months ahead, each with input and selling prices, which make it one of the few regional readings of price pressure outside manufacturing. Source: Federal Reserve Bank of Kansas City.
Frequently asked questions
- What does the Kansas City Fed Services Survey measure?
- It measures month-on-month changes reported by service-sector firms in the Tenth Federal Reserve District, covering revenue, employment, hours, wages, input prices and selling prices.
- How often is the survey published and when did it start?
- The Federal Reserve Bank of Kansas City publishes it monthly, with the series on this page running from January 2014.
- How should the index values be read?
- Each index is a diffusion index: the share of firms reporting an increase minus the share reporting a decrease. A reading above zero means more firms expanded than contracted.
- How does it differ from the ISM Services PMI?
- The ISM survey is national and centred on 50. This one covers only the Tenth District — Colorado, Kansas, Nebraska, Oklahoma, Wyoming and parts of Missouri and New Mexico — and is centred on zero.
