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Kansas City Fed Services Index Indicates Slower Expansion in April

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The Kansas City Federal Reserve's monthly composite services index fell to a reading of 3 in April after rising to 15 in March, compared with a smaller expected decrease to a 10 print in a survey compiled by Bloomberg as of 7:30 am ET.

A reading above zero indicates growth

The index still indicates expansion, which is in line with the S&P global flash index released earlier but in contrast with the other regional services measures already released that indicated contraction.

There was a decrease in the Kansas City revenue/sales reading to 6 from 18, while the employment reading declined to minus 5 from 7.

The reading of selling prices rose to 23 from 19, while the input price index increased to 48 from 45.

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