The Federal Reserve Bank of Kansas City published its December Survey of Tenth District Services, indicating that regional services activity grew slightly while expectations for future services activity increased moderately. Sales and revenues rebounded in December, but employment levels continued to decline, even as firms reported they expect growth over the next six months. The release also introduced new seasonal adjustment factors using Census X-13 ARIMA-SEATS, resulting in small revisions to historical indexes; the updated seasonal factors will be used throughout 2025.
Federal Reserve Bank of Kansas City 2025-12-19
Federal Reserve Bank of Kansas City releases December Services Survey showing slight growth in Tenth District activity and revised seasonal adjustments
The Federal Reserve Bank of Kansas City's December Survey of Tenth District Services shows slight growth in regional services activity and moderate increases in future expectations. Sales and revenues improved, but employment levels declined despite anticipated growth in the next six months. New seasonal adjustment factors using Census X-13 ARIMA-SEATS were introduced, leading to minor revisions in historical indexes.