The Federal Reserve Bank of Kansas City published its March Services Survey, indicating that services activity in the Tenth District increased modestly in January and grew moderately in March, reaching its highest reading since September 2022. Expectations for future services activity also edged higher. Over half of surveyed firms expected product demand to be higher in 2026 than in 2025, while about half anticipated margin compression in the coming months. The release also noted a methodological update, with the March survey incorporating new seasonal adjustment factors using Census X-13 ARIMA-SEATS, resulting in slight revisions to historical indexes; the updated seasonal factors will be used throughout 2025.
Federal Reserve Bank of Kansas City 2026-03-27
Federal Reserve Bank of Kansas City releases March Services Survey showing Tenth District activity at highest level since September 2022
The Federal Reserve Bank of Kansas City's March Services Survey reported a moderate increase in services activity in the Tenth District, reaching its highest level since September 2022. Over half of firms expect higher product demand in 2026, though many anticipate margin compression. The survey also introduced new seasonal adjustment factors, slightly revising historical indexes.