Kansas City Fed Services Survey: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Kansas City Fed - Monthly
This series is part of the dataset: Kansas City Fed Services Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about services firms in the Tenth Federal Reserve District, the seasonally unadjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) was 15.0 in September 2026, versus 14.0 in August 2026.
Sample. This monthly time series has a total of 153 data points. The period covered by the series goes from January 2014 to September 2026.
History. Here's a glimpse of some simple statistics calculated on the whole sample: the diffusion index reached its highest level of 28.0 in January 2018; it hit a trough of -29.0 in April 2020; it had an average value of 11.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 24.0000 |
| 2026-08-31 | 14.0000 |
| 2026-09-30 | 15.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capital expenditures increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Kansas City |
| Source type | Central bank |
| Data licence | Reproduction allowed subject to conditions |
| Other information | FS correspondence: Capital expenditures |
| FSR temporal aggregation code | LM01 |
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