1156 ET - Energy activity in the middle of the U.S. fell sharply in the fourth quarter, and more contraction is on the horizon, 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 39 for the quarter, down from a third-quarter reading of minus 16 and hitting its lowest level since 2020 as revenue and profits continue to fall. 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, slides to minus 19 in the quarter from 0 in the third quarter. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
January 09, 2026 11:57 ET (16:57 GMT)
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