11:16 AM EST, 01/24/2025 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index fell to a reading of minus 4 in January after declining to an upwardly revised reading of 4 in December.

A reading above zero indicates growth and a reading below zero suggests contraction.

The index points to a return to contraction, which is in line with the New York Fed and the Philadelphia Fed readings but in contrast with the S&P Global flash index that suggested expansion.

There was a decrease in the Kansas City revenue/sales reading to minus 8 from 5, while the employment reading fell to minus 1 from 3.

The reading of selling prices increased to 14 from 9, while the input price index rose to 34 from 25.