The Federal Reserve Bank of Kansas City published its April Services Survey, reporting a modest increase in Tenth District services activity while expectations for future activity remained positive. Contacts generally expected increased or steady activity in the near term, but many reported lowering their demand outlook and significantly higher uncertainty since the start of the year. The release also incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, meaning historical indexes differ slightly from previously released data, and the updated seasonal factors will be used throughout 2025.
Federal Reserve Bank of Kansas City 2025-04-25
Federal Reserve Bank of Kansas City reports modest April rise in Tenth District services activity and revises seasonal adjustment factors
The Federal Reserve Bank of Kansas City released its April Services Survey, indicating a modest rise in Tenth District services activity with positive future expectations. Contacts anticipate steady or increased activity, though many have lowered demand outlooks and noted higher uncertainty. The survey includes new seasonal adjustment factors, affecting historical indexes, which will be applied throughout 2025.