Federal Reserve district · STL

St. Louis

Modestly increased; prices rose robustly; outlook unchanged. (October 2026)

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Edition	Score	Outlook	In brief
October 2026	+1.0	0.0	Modestly increased; prices rose robustly; outlook unchanged.
August 2026	+1.0	+0.5	Modestly increased; prices rose robustly; outlook slightly improved.
July 2026	+1.0	0.0	Slightly increased; prices rose at a robust pace; outlook unchanged.
May 2026	+1.0	−1.0	Activity slightly increased; outlook slightly deteriorated
April 2026	0.0	+0.5	Unchanged; cautiously optimistic but wary of the conflict.
February 2026	0.0	+0.5	Unchanged but expected to increase; cautiously optimistic.
January 2026	+1.0	–	Increased modestly after the shutdown ended.
November 2025	0.0	−1.0	Unchanged; outlook deteriorated to pessimistic.
October 2025	0.0	−1.0	Unchanged; outlook remains slightly pessimistic.
August 2025	0.0	−1.0	Unchanged; outlook slightly pessimistic but stabilizing.
July 2025	0.0	−1.0	Unchanged; outlook highly uncertain and slightly pessimistic.
May 2025	0.0	−1.0	Unchanged; outlook slightly deteriorated.
April 2025	0.0	−1.0	Unchanged; outlook declined to slightly pessimistic.
February 2025	0.0	0.0	Flat; outlook declined from slightly optimistic to neutral.
January 2025	+1.0	+1.0	Expanded slightly; holiday sales better than expected.
November 2024	+0.5	+0.5	Up slightly.
October 2024	0.0	0.0	Unchanged.
August 2024	0.0	−0.5	Unchanged.
July 2024	+0.5	0.0	Increased slightly.
May 2024	+0.5	−0.5	Increased slightly.
April 2024	+0.5	+0.5	Increased slightly.
February 2024	+0.5	+0.5	Increased slightly.
January 2024	0.0	+0.5	Unchanged.
November 2023	−0.5	−0.5	Slowed slightly.
October 2023	0.0	−0.5	Unchanged.
August 2023	0.0	−0.5	Unchanged.
June 2023	0.0	−0.5	Unchanged.
May 2023	0.0	−0.5	Unchanged.
April 2023	0.0	0.0	Unchanged.
February 2023	0.0	+0.5	Unchanged.
January 2023	0.0	−0.5	Unchanged.
November 2022	0.0	−0.5	Unchanged.
October 2022	−0.5	−0.5	Declined slightly.
August 2022	−0.5	−0.5	Declined slightly.
July 2022	+0.5	0.0	Improved at a modest pace.
May 2022	+0.5	−0.5	Improved at a modest pace.
April 2022	+1.0	0.0	Improved at a moderate pace.
February 2022	0.0	+0.5	Remained unchanged.
January 2022	+1.0	+0.5	Improved at a moderate rate.
November 2021	+0.5	+1.0	Modest improvement.
October 2021	+1.0	+0.5	Improved at a moderate pace.
August 2021	+1.0	+0.5	Improved at a moderate pace.
July 2021	+1.0	+1.0	Improved at a moderate pace.
May 2021	+1.0	+1.0	Moderately improved.
April 2021	+1.0	+1.0	Moderately improved.
February 2021	0.0	+0.5	Generally unchanged.
January 2021	0.0	+0.5	Activity unchanged.
November 2020	+0.5	0.0	Increased slightly; deteriorated late.
October 2020	+0.5	+0.5	Increased slightly.
August 2020	+0.5	−0.5	Increased modestly.
July 2020	+1.0	−0.5	Rebounded sharply.
May 2020	−1.0	−1.0	Declined at a moderately slower pace.
April 2020	−2.0	−1.5	Declined sharply.
February 2020	0.0	+0.5	Mixed but unchanged.
January 2020	+0.5	+0.5	Slightly improved.
November 2019	0.0	−0.5	Mixed but unchanged.
October 2019	+0.5	0.0	Improved slightly.
August 2019	0.0	−0.5	Mixed but generally unchanged.
July 2019	+0.5	+0.5	Improved slightly.
May 2019	0.0	+0.5	Unchanged.
April 2019	+0.5	+0.5	Improved slightly.
February 2019	0.0	+0.5	Activity unchanged.
January 2019	+0.5	+0.5	Slightly improved.
November 2018	0.0	0.0	Slightly improved.
October 2018	0.0	0.0	Improved slightly.
August 2018	0.0	0.0	Improved slightly.
July 2018	0.0	0.0	Improved slightly.
May 2018	0.0	0.0	Improved slightly.
April 2018	+0.5	+0.5	Improved at a modest pace.
February 2018	+0.5	+0.5	Improved at a modest pace.
January 2018	+0.5	+0.5	Continued to improve modestly.
November 2017	+0.5	+0.5	Improved at a modest pace.
October 2017	+0.5	+0.5	Improve at a modest pace.
August 2017	+0.5	0.0	Improved at a modest pace.
June 2017	+0.5	+0.5	Slightly improved.
May 2017	+0.5	+0.5	Continued to expand modestly.
April 2017	+0.5	+0.5	Expanded at a modest pace.
February 2017	+0.5	+1.0	Expand at a modest pace.
January 2017	+0.5	+1.0	Expand at a modest pace.
November 2016	+0.5	+0.5	Modestly improved.
October 2016	+0.5	+0.5	Modestly improved.
August 2016	+0.5	+0.5	Slightly improved.
July 2016	+0.5	+0.5	Improve at a modest pace.
May 2016	+0.5	+0.5	Improve at a modest pace.
April 2016	+0.5	+0.5	Improved at a modest pace.
February 2016	0.0	+0.5	Mixed.
January 2016	+0.5	+0.5	Increased at a modest pace.
November 2015	+0.5	+0.5	Increased at a modest pace.
October 2015	+0.5	+0.5	Increased at a modest pace.
August 2015	+1.0	+0.5	Increase at a moderate pace.
July 2015	+1.0	+0.5	Increased at a moderate pace.
May 2015	+0.5	+0.5	Grew at a modest pace.
April 2015	+0.5	+0.5	Increased at a modest pace.
February 2015	+1.0	+0.5	Increased at a moderate pace.
January 2015	+1.0	+0.5	Slightly faster pace.
November 2014	+0.5	+0.5	Slowed slightly.
October 2014	+1.0	+0.5	Increased at a moderate pace.
August 2014	+0.5	+0.5	Expanded at a modest pace.
July 2014	+0.5	+0.5	Increased modestly.
May 2014	+0.5	+0.5	Grown modestly.
April 2014	−0.5	+0.5	Declined slightly.
February 2014	+1.0	+0.5	Grow at a moderate pace.
January 2014	+1.0	+0.5	Grown at a moderate pace.
November 2013	+1.0	+0.5	Expanded at a moderate pace.
October 2013	+1.0	+0.5	Grown at a moderate pace.
August 2013	+1.0	+0.5	Moderately improved.
July 2013	+1.0	+0.5	Expanded at a moderate pace.
May 2013	+1.0	0.0	Expanded at a moderate pace.
April 2013	+1.0	+0.5	Expanded at a moderate pace.
February 2013	+1.0	0.0	Expanded at a moderate pace.
January 2013	+0.5	0.0	Grown at a modest pace.
November 2012	+1.0	+0.5	Continued to expand at a moderate pace.
September 2012	+1.0	0.0	Expanded at a moderate pace.
August 2012	+0.5	0.0	Continued to expand at a modest pace.
July 2012	+0.5	0.0	Continued to expand at a modest pace.
May 2012	+0.5	+0.5	Continued to grow at a modest pace.
April 2012	+0.5	0.0	Continued to grow at a modest pace.
February 2012	+0.5	+0.5	Continued to expand at a modest pace.
December 2011	+0.5	0.0	Grew at a modest pace.
November 2011	−0.5	−0.5	Activity slowed.
October 2011	0.0	0.0	Mixed.
August 2011	+0.5	0.0	Grew at a modest pace.
July 2011	+0.5	+0.5	Increased at a modest pace.
May 2011	+1.0	+0.5	Expanded at a moderate pace.
April 2011	+0.5	+0.5	Expanded at a modest pace.
February 2011	+0.5	+0.5	Expanded modestly.
January 2011	+0.5	+0.5	Increased modestly.
November 2010	0.0	+0.5	Mixed.
October 2010	+0.5	+0.5	Expanded modestly.
August 2010	+0.5	0.0	Grown modestly.
July 2010	+1.0	0.0	Continued to improve.
May 2010	+0.5	+0.5	Increased modestly.
April 2010	−0.5	+0.5	Softened in most sectors.
February 2010	0.0	+0.5	Mixed with further signs of improvement.
January 2010	+0.5	+0.5	Further signs of improvement.
November 2009	+0.5	+0.5	Weak but signs of improvement.
October 2009	−1.0	0.0	Declined further.
August 2009	−0.5	+0.5	Weak but decline moderated.
July 2009	−0.5	0.0	Pace of decline moderated.
June 2009	−1.5	0.0	Weakened further.
April 2009	−1.5	−0.5	Weakened further.
February 2009	−1.5	−1.5	Weakened further.
January 2009	−1.5	−1.5	Continued to decline.
November 2008	−1.5	−1.5	Continued to weaken; manufacturing declines significant.
October 2008	−1.5	−1.0	Continued to deteriorate.
August 2008	−1.0	–	Softened; services and manufacturing declining.
July 2008	0.0	–	Stable; services expanding.
June 2008	0.0	–	Flat; services strengthened.
April 2008	0.0	–	Slowed slightly; services softening.
February 2008	0.0	–	Pace slowed; manufacturing increased.
January 2008	+0.5	+0.5	Expanded modestly.
November 2007	0.0	0.0	Expanded more slowly.
October 2007	+0.5	+0.5	Expanded moderately.
August 2007	+0.5	+0.5	Expanded at a moderate pace.
July 2007	+0.5	+0.5	Expanded moderately.
June 2007	+0.5	+0.5	Expanded modestly.
April 2007	+0.5	+0.5	Expanded modestly.
February 2007	+0.5	+0.5	Increased more slowly.
January 2007	+0.5	+0.5	Expanded modestly.
November 2006	+0.5	+0.5	Moderate growth.
October 2006	+0.5	+0.5	Expanded modestly.
August 2006	+0.5	+0.5	Expanded modestly.
July 2006	0.0	0.0	Mixed.
June 2006	0.0	0.0	Increased modestly.
April 2006	+0.5	+0.5	Expanded modestly.
March 2006	+0.5	+0.5	Expanded modestly.
January 2006	+0.5	+0.5	Expanded modestly.
November 2005	0.0	0.0	Mixed.
October 2005	+0.5	+0.5	Expanded moderately.
August 2005	+0.5	+0.5	Expanded.
July 2005	+0.5	+0.5	Continued to expand.
June 2005	+1.0	+1.0	Continued to expand.
April 2005	+1.0	+1.0	Continued to expand.
February 2005	+0.5	+0.5	Continuing signs of modest growth.
January 2005	+1.0	+1.0	Continued to expand.
November 2004	+0.5	+0.5	Expanded modestly.
October 2004	0.0	0.0	Mixed.
September 2004	+0.5	+0.5	Continued to improve slowly.
July 2004	+1.0	+0.5	Continued to improve.
June 2004	+1.0	+0.5	Continued to improve.
April 2004	+0.5	+0.5	Expanding slowly.
February 2004	+0.5	+0.5	Expanding slowly.
January 2004	0.0	+0.5	Mixed.
November 2003	+0.5	+1.0	Signs of improvement.
October 2003	+0.5	+0.5	Modest signs of improvement.
July 2003	−0.5	0.0	Little improvement.
June 2003	−0.5	+0.5	Remains soft.
April 2003	−0.5	0.0	Remained soft.
February 2003	−0.5	0.0	Lackluster.
January 2003	−1.0	−0.5	Softened.
November 2002	0.0	+0.5	Economic conditions have been mixed.
October 2002	+1.0	–	Economy has shown signs of improvement.
September 2002	0.0	+0.5	Recovery continues at a slow pace.
July 2002	+1.0	+0.5	Economic activity continues to recover.
June 2002	+1.0	+0.5	Activity continuing to pick up, although slowly.
April 2002	+1.0	–	Activity has picked up considerably.
February 2002	−1.0	0.0	Activity continues to be weak despite some bright spots.
January 2002	−1.0	–	Activity weak, particularly in manufacturing.
November 2001	0.0	0.0	Buoyed by stronger-than-expected retail sales; manufacturing weak.
October 2001	−1.0	0.0	Activity continued to slow, particularly manufacturing.
September 2001	0.0	0.0	Continued to slow.
July 2001	0.0	−0.5	Growth remains slow.
June 2001	0.0	−0.5	Sluggish growth.
April 2001	0.0	+0.5	Continued to slow.
February 2001	−1.0	+0.5	Slowed noticeably.
January 2001	0.0	+0.5	Several signs of slowing.
November 2000	0.0	–	Slowed somewhat in recent weeks.
October 2000	+1.0	–	Expanding moderately overall.
September 2000	+1.0	+0.5	Some moderation in the pace.
July 2000	+2.0	–	Strong and accelerated somewhat.
June 2000	0.0	–	Business conditions remain steady.
April 2000	+1.0	–	Continues to grow at a moderate pace.
February 2000	+1.0	–	Continues to operate at a high level.
January 2000	+1.0	+0.5	Continues to grow at a steady pace.
November 1999	+1.0	–	Operating at a high level; some slowing.
October 1999	+1.0	–	Operating at full capacity; some moderation.
September 1999	+2.0	+1.0	Continues to exhibit strong growth.
August 1999	+2.0	–	Continues to grow at a brisk pace.
June 1999	+2.0	–	Continues to exhibit strong growth.
April 1999	+1.0	–	Business conditions remain strong.
March 1999	+1.0	+0.5	Operating at a high level, growing moderately.
January 1999	+1.0	+0.5	Growth continues at a moderate pace.
November 1998	+1.0	+0.5	Some moderation in growth.
October 1998	+1.0	−0.5	Still operating at a high level.
September 1998	+1.0	+0.5	Economy remained quite healthy.
July 1998	+1.0	+1.0	Economic activity remains robust.
June 1998	+2.0	+1.0	Conditions remain exceedingly good.
April 1998	+1.0	–	Economy continues to operate at a high level.
March 1998	+1.0	+1.0	Stable business growth, few signs of rising prices.
January 1998	+1.0	+1.0	Signs of continued moderate growth; contacts optimistic.
November 1997	+1.0	+0.5	Growing at a steady pace; contacts optimistic.
October 1997	+1.0	+0.5	High level of activity; contacts optimistic.
September 1997	+1.0	+1.0	Growth appears to have accelerated somewhat.
July 1997	+1.0	+0.5	Growing at a moderate pace; contacts optimistic.
June 1997	+1.0	+0.5	Steady, sustainable pace of growth.
April 1997	+1.0	0.0	Moderate pace; some slowing at some firms.
March 1997	0.0	0.0	High level; little or no change since last report.
January 1997	+1.0	0.0	Activity picked up since the last report.