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United States USD

United States Kansas Fed Composite Index

Info

History

Chart

Impact:

Low

Source: Federal Reserve Bank of Kansas City

Latest Release:

Date:

Surprise:

-5

Actual:

Forecast: 6

Previous/Revision:

Period: Dec

Next Release:

Date:

Period: Jan

What Does It Measure?

The Kansas Fed Composite Index measures economic activity in the Tenth Federal Reserve District, which encompasses parts of Colorado, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, and Wyoming. It focuses on key areas such as manufacturing, services, and agricultural sectors, providing insights into production levels, employment trends, and pricing pressures; an index value above 0 indicates expansion, while a value below indicates contraction.

Frequency

The Kansas Fed Composite Index is released on a monthly basis, typically published on the last business day of each month, providing preliminary estimates that may be revised in later reports.

Why Do Traders Care?

Traders closely monitor the Kansas Fed Composite Index as it serves as an important economic indicator reflecting regional economic health, which can impact financial markets, particularly in relation to the U.S. dollar and regional equities. A stronger-than-expected index reading may lead to bullish sentiment for stocks and the dollar, while weaker results could have the opposite effect.

What Is It Derived From?

The index is derived from a survey of businesses in the Tenth District, specifically targeting approximately 300 firms across various sectors, including manufacturing and services. The data collected reflects current business conditions, which are weighted and compiled to create the overall index score.

Description

The Kansas Fed Composite Index includes both preliminary and final reports, with preliminary estimates providing early insights that can trigger immediate market reactions, while final data offers a more accurate representation of conditions as it is based on more comprehensive data collection. This index uses a diffusion index methodology, and its month-over-month (MoM) reporting helps to highlight short-term trends and shifts in economic activity.

Additional Notes

The index serves as a coincident economic measure, providing a real-time snapshot of regional economic conditions. It is often compared with other regional indices and national economic indicators to assess broader trends in U.S. economic performance.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 18, 2025	1	6	8	-5
Nov 20, 2025	8	4	6	4
Oct 23, 2025	6	5	4	1
Sep 25, 2025	4	-2	1	6
Aug 28, 2025	1	0	1	1
Jul 24, 2025	1	1	-2
Jun 26, 2025	-2	-4	-3	2
May 22, 2025	-3	-3	-4
Apr 24, 2025	-4	-4	-2
Mar 27, 2025	-2	-6	-5	4
Feb 27, 2025	-5	-3	-5	-2
Jan 23, 2025	-5	-7	-5	2
Dec 19, 2024	-4	5	-2	-9
Nov 21, 2024	-2	-2	-4
Oct 24, 2024	-4	-6	-8	2
Sep 26, 2024	-8	2	-3	-10
Aug 22, 2024	-3	-9	-13	6
Jul 25, 2024	-13	-5	-8	-8
Jun 27, 2024	-8	1	-2	-9
May 23, 2024	-2	-4	-8	2
Apr 25, 2024	-8	-5	-7	-3
Mar 28, 2024	-7	-7	-4
Feb 29, 2024	-4	-5	-9	1
Jan 25, 2024	-9	-9	-1
Dec 21, 2023	-1	2	-2	-3
Nov 16, 2023	-2	-9	-8	7
Oct 26, 2023	-8	-9	-8	1
Sep 28, 2023	-8	-1	0	-7
Aug 24, 2023	0	-7	-11	7
Jul 27, 2023	-11	-5	-12	-6
Jun 22, 2023	-12	-5	-1	-7
May 25, 2023	-1	-14	-10	13
Apr 27, 2023	-10	4	0	-14
Mar 23, 2023	0		0
Feb 23, 2023	0	2	-1	-2
Jan 26, 2023	-1	-10	-4	9
Dec 22, 2022	-9	-5	-6	-4
Nov 17, 2022	-6	-5	-7	-1
Oct 27, 2022	-7	4	1	-11
Sep 22, 2022	1	2	3	-1
Aug 25, 2022	3	-2	13	5
Jul 28, 2022	13	15	12	-2
Jun 23, 2022	12	24	23	-12
May 26, 2022	23	21	25	2
Apr 28, 2022	25	33	37	-8
Mar 24, 2022	37	24	29	13
Feb 24, 2022	29	20	24	9
Jan 27, 2022	24	25	22	-1
Dec 16, 2021	24	26	24	-2
Nov 18, 2021	24	27	31	-3
Oct 28, 2021	31		22