The Federal Reserve Bank of Kansas City released its July Services Survey, which showed Tenth District services activity increased moderately in July and expectations for future activity remained elevated. Nearly half of firms expected demand to be higher for the rest of the year. Most firms reported lower profit margins since the start of the year, but they still expected revenue growth to remain strong. The monthly survey tracks indicators including sales, revenue, employment, capital spending, input prices and selling prices across a broad range of service industries in the Tenth District. The release also notes that the July survey incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, which means historical indexes differ slightly from previously released figures, and that these factors will be used throughout 2025.
Federal Reserve Bank of Kansas City2026-07-24
Federal Reserve Bank of Kansas City releases July services survey showing moderate rise in Tenth District activity and elevated expectations
The Federal Reserve Bank of Kansas City’s July Services Survey showed moderate growth in Tenth District services activity and elevated expectations for future activity. Nearly half of firms expected higher demand for the rest of the year, while most reported weaker profit margins but still anticipated strong revenue growth.