Energy Activity Falls as Optimism Fades, KC Fed Survey Finds -- Market Talk
Dow Jones
Jul 11
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.