Kansas City Fed Services Survey: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - 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 adjusted diffusion index for capital expenditures (share of CEOs seeing a future increase minus share forecasting a decrease) was 12.0 in September 2026, compared to 17.0 in August 2026.
Sample. There are 153 records in the monthly series displayed in the plot above. The series covers the period extending from January 2014 to September 2026.
History. Take a look at some statistics computed on the whole sample: the diffusion index had an average value of 14.0; it recorded a bottom of -30.0 in April 2020; it reached its maximum of 39.0 in May 2019.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 26.0000 |
| 2026-08-31 | 17.0000 |
| 2026-09-30 | 12.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will capital expenditures increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Seasonally adjusted | Yes |
| 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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