Services activity in the middle of the U.S. rose in July, and expectations for future activity remained elevated, according to a monthly survey by the Federal Reserve Bank of Kansas City.
The Tenth District Services Survey's composite index, a weighted average of indexes covering revenue/sales, employment and inventory, came in at 14 in July following readings of 5 in June and 10 in May. Readings above zero indicate expansion, while those below zero indicate contraction.
The Kansas City Fed said activity in retail trade and transportation rose in July, while activity in the tourism sector fell.
The bank said its index of expectations for future services activity came in at 24 in July, compared with 26 in June, as nearly half of firms surveyed said they expect demand to be higher for the rest of the year.
The Kansas City Fed's survey, released Friday, 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. continued to grow in July, but at a slightly cooler pace than in June.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 24, 2026 11:28 ET (15:28 GMT)
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