04072020Tue
Last updateMon, 06 Apr 2020 8pm

End-User News

Energy Sector in Central U.S. Contracting

According to the Kansas City Fed, energy activity continued to drop in the fourth quarter of 2019. The drilling and business activity index fell from -23 to -48, indicating a continued, significant decrease in activity following a slight expansion earlier in 2019. However, the revenues index improved slightly, the wages and benefits index remained positive, and the employment index was flat. The supplier delivery time, profits, employee hours, and access to credit indexes all declined.

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