The Federal Reserve Bank of Kansas City published its January Survey of Tenth District Services, indicating that services activity rose modestly in January and expectations for future services activity edged higher. Employment continued to decline slightly. Annual services activity growth picked up for both consumer and business services. The survey tracks indicators including sales, revenue, employment and capital spending, as well as changes in input and selling prices, and the January release incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, which slightly revises historical indexes; the new seasonal factors will be used throughout 2025.
Federal Reserve Bank of Kansas City 2026-01-23
Federal Reserve Bank of Kansas City releases January Services Survey showing a modest rise in Tenth District activity
The Federal Reserve Bank of Kansas City's January Survey of Tenth District Services shows a modest rise in services activity and slightly higher future expectations, despite a slight decline in employment. The survey, which includes new seasonal adjustment factors, reports increased annual growth in consumer and business services activity.