The Federal Reserve Bank of Kansas City published its January Survey of Tenth District Services, reporting that services activity declined modestly in January while expectations for future activity remained expansionary. Capital expenditures increased moderately, and the monthly survey tracks indicators including sales, revenue, employment, capital spending, and changes in input and selling prices across a range of service industries. The release also incorporated new seasonal adjustment factors using Census X-13 ARIMA-SEATS, which slightly changes historical indexes compared with previously released numbers. The updated seasonal factors will be used throughout 2025, and historical results and future release dates are available on the Kansas City Fed’s website.
Federal Reserve Bank of Kansas City 2025-01-24
Federal Reserve Bank of Kansas City releases January Services Survey showing modest decline in Tenth District activity and updated seasonal adjustments
The Federal Reserve Bank of Kansas City's January Survey of Tenth District Services indicates a modest decline in services activity, though future expectations remain expansionary. Capital expenditures rose moderately, with the survey tracking various indicators across service industries. New seasonal adjustment factors using Census X-13 ARIMA-SEATS have been applied, affecting historical indexes.