Tenth District Services Activity Increased Moderately in July

FOR IMMEDIATE RELEASE

July 24, 2026

CONTACT: Sarah Reed

The Federal Reserve Bank of Kansas City released the July Services Survey today. According to Cortney Cowley, assistant vice president and Oklahoma City Branch executive, results from the survey showed that Tenth District services activity increased moderately in July, while growth in expectations for future activity remained elevated.

“Growth in regional services activity rose from last month, and nearly half of firms expected demand to be higher for the rest of the year,” said Cowley. “The majority of firms reported decreases in profit margins since the start of the year but expected revenue growth to remain strong.”

A summary of the July survey is below. The July survey incorporates new seasonal adjustment factors using Census X-13 ARIMA-SEATS, so historical indexes differ slightly from previously released numbers. The new seasonal factors will be used throughout 2025. Historical data, results from past surveys and release dates for future surveys are available at External Linkwww.kansascityfed.org/surveys/services-survey/.

The Kansas City Fed’s monthly Survey of Tenth District Services provides information on several indicators of activity including sales, revenue, employment and capital spending, while identifying changes in prices of input materials and selling prices. Survey participants represent a variety of industries, including retail and wholesale trade, automobile dealers, transportation, information, high-tech and professional services, real estate, education, restaurants, health services, tourism and other services firms.

The Federal Reserve Bank of Kansas City serves the Tenth Federal Reserve District, encompassing the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of New Mexico. As part of the nation’s central bank, the Bank participates in setting national monetary policy, supervising and regulating numerous commercial banks and bank holding companies, and providing financial services to depository institutions. More information is available online at External Linkwww.kansascityfed.org.

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