11:39 ET -- Energy activity in the middle of the U.S. turned negative in the second quarter, and optimism about activity in the next six months has dissipated, the Federal Reserve Bank of Kansas City's quarterly survey shows. The Tenth District Energy Survey's key index of drilling and business activity comes in at minus 17 for the quarter, compared with a first-quarter reading of 7, amid continued declines in revenue and profits. Readings above zero indicate expansion, while those below zero show contraction. The survey's future drilling and business activity index, which covers expectations for the next six months, falls to 0 from 21 in the first quarter. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
July 11, 2025 11:39 ET (15:39 GMT)
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