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) stood at 12.0 in September 2026, compared to 17.0 in August 2026.
Sample. There are 153 observations overall in the monthly time series shown in the graph above. The period covered by the series stretches from January 2014 to September 2026.
History. Here's a peek at some summary statistics we calculated on the full sample: the diffusion index was equal on average to 14.0; it hit a trough of -30.0 in April 2020; it reached a 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 |
Hint. One of the pros of using our web site is that we give you well-crafted metadata. Find them below to learn more about the attributes of the indicators that you use in your work.
Not for investment purposes. Data and any other information made available on this web site are not supposed to be used for investment purposes or as a basis for financial-decision making. Users should consult professional advice and perform independent analysis before making any financial commitments.
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 |
Series in the same data set
Discover the other time series included in this data set.