The Federal Reserve Bank of Kansas City published its July Services Survey, reporting that services activity in the Tenth District fell modestly in July while expectations for future activity remained positive. Input prices continued to ease and selling prices were unchanged from the prior month. The July release also applies new seasonal adjustment factors using Census X-13 ARIMA-SEATS, resulting in slight revisions to historical indexes, with the updated factors to be used throughout 2025.
Federal Reserve Bank of Kansas City 2025-07-25
Federal Reserve Bank of Kansas City releases July Services Survey showing modest decline in Tenth District activity and updated seasonal adjustments
The Federal Reserve Bank of Kansas City's July Services Survey indicates a modest decline in services activity in the Tenth District, though future expectations remain positive. Input prices eased while selling prices were unchanged. New seasonal adjustment factors have been applied, resulting in slight revisions to historical indexes.