By Colin Kellaher
Services activity in the middle of the U.S. eased in April but remained in positive territory, while expectations for future activity moved higher, according to a monthly survey by the Federal Reserve Bank of Kansas City released Friday.
The Tenth District Services Survey's composite index, a weighted average of indexes covering revenue/sales, employment and inventory, came in at 3 in April following readings of 15 in March and 6 in February. Readings above zero indicate expansion, while those below zero indicate contraction.
The Kansas City Fed said overall growth in consumer and business services cooled in April from last month, driven primarily by declines in wholesale trade and real-estate activity.
The bank said its index of expectations for future services activity rose to 22 in April from 17 in March.
The Kansas City Fed's survey includes participants from such service industries as retail and wholesale trade, automobile dealers, real estate and restaurants. The survey provides information on current services activity in the Tenth District, which includes Colorado, Oklahoma, Wyoming, Nebraska, Kansas, the northern half of New Mexico and the western third of Missouri.
The bank's monthly manufacturing survey, released Thursday, showed that activity at factories in the central U.S. expanded at a slightly slower pace this month than in March.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 24, 2026 11:37 ET (15:37 GMT)
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