The Federal Reserve Bank of Kansas City released its June Services Survey, showing that services activity in the Tenth District continued to grow but at a slightly slower pace in June, while expectations for future activity accelerated. The update points to softer current momentum alongside firmer near term sentiment among regional services firms. According to the survey summary, about half of firms reported passing through less than 20% of cost increases to customers, while about a quarter reported passing through more than 60%. The June survey also incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, and the bank noted that historical indexes therefore differ slightly from previously released figures. Those seasonal factors will be used throughout 2026.
Federal Reserve Bank of Kansas City2026-06-26
Federal Reserve Bank of Kansas City reports slower June Tenth District services growth and stronger near term expectations
The Federal Reserve Bank of Kansas City’s June Services Survey showed Tenth District services growth slowed slightly in June, while expectations for future activity strengthened. Around half of firms passed through less than 20% of cost increases to customers, while about a quarter passed through more than 60%. New seasonal adjustment factors were also introduced, slightly changing historical indexes.