The Federal Reserve Bank of Kansas City published its May Survey of Tenth District Services, reporting that regional services activity grew moderately and that expectations for future activity remained elevated. Revenues and employment levels increased at a moderate pace, while input price growth cooled from earlier high readings. The monthly survey covers indicators including sales, revenue, employment and capital spending, and tracks changes in input and selling prices across a range of services industries. About half of surveyed firms reported changing their prices more frequently than last year. The May release also applies new seasonal adjustment factors using Census X-13 ARIMA-SEATS, resulting in slight revisions to historical indexes; these factors will be used throughout 2025.
Federal Reserve Bank of Kansas City 2025-05-23
Federal Reserve Bank of Kansas City releases May Services Survey showing moderate Tenth District growth and easing input price pressures
The Federal Reserve Bank of Kansas City's May Survey of Tenth District Services indicates moderate growth in regional services activity, with elevated expectations for future activity. Revenues and employment levels rose moderately, while input price growth slowed. The survey includes new seasonal adjustment factors, slightly revising historical indexes.