The Federal Reserve Bank of Kansas City published its March Survey of Tenth District Services, reporting that overall services activity was unchanged in March while expectations for future activity remained expansionary. More than half of firms reported tighter profit margins over the last 12 months and employment declined, even as expectations for the next six months stayed positive. The March release also applies new seasonal adjustment factors using Census X-13 ARIMA-SEATS, which slightly revised historical indexes, and the updated seasonal factors will be used throughout 2025. The monthly survey covers indicators such as sales, revenue, employment, capital spending, and changes in input and selling prices across a range of services industries, with historical data and future release dates posted by the Kansas City Fed.
Federal Reserve Bank of Kansas City 2025-03-28
Federal Reserve Bank of Kansas City releases March Services Survey showing flat activity and an expansionary outlook in the Tenth District
The Federal Reserve Bank of Kansas City released its March Survey of Tenth District Services, indicating unchanged services activity but expansionary expectations for future activity. Over half of firms reported tighter profit margins and declining employment, though future outlooks remain positive. The survey incorporates new seasonal adjustment factors, revising historical indexes, and these will be applied throughout 2025.