Tenth District Services Activity Rose Modestly in October
by Chad Wilkerson
October 25, 2024
District services activity increased after easing last month, as revenues and sales improved along with higher employment levels. Firm’s expectations for future growth were more positive this month as well, with a moderate increase in capital spending plans.
Tenth District Services Activity Eased Slightly in September
by Chad Wilkerson
September 27
District services activity moderated somewhat in September as revenues were flat, but employment decreased modestly. Business sentiment softened from last month’s high, as firms now expect lower revenue growth in the next six months.
Tenth District Services Activity Grew Somewhat in August
by Chad Wilkerson
August 23
District services activity grew somewhat in August as sales among business and professional firms rebounded. Business sentiment for the near future is high, as the expectations index reached its highest level since November 2022.
Tenth District Services Activity Declined Modestly in July
by Chad Wilkerson
July 26
Our District services index entered slight negative territory in July, driven by decreasing sales among business and professional firms. However, employment grew this month after falling slightly in June.
Tenth District Services Growth Moderated Slightly in June
by Chad Wilkerson
June 28
District services activity stayed positive in June, and expectations for the future continued to grow. Employment declined slightly, and selling prices decreased this month.
Tenth District Services Activity Continued to Grow in May
by Chad Wilkerson
May 24
District services activity grew moderately in May, and expectations for future activity expanded further. Employment grew at its fastest pace in nearly two years, but firms’ expectations for wage growth in the coming year are mixed.
Tenth District Services Activity Expanded Further in April
by Chad Wilkerson
April 26
District services activity grew somewhat in April, and expectations for future activity were unchanged. However, employment growth cooled slightly this month.
Tenth District Services Activity Grew Again in March
by Chad Wilkerson
March 29
District services activity increased moderately in March, and expectations for future activity were steady. Sales growth cooled this month, but employment accelerated.
Tenth District Services Activity Grew Moderately in February
by Chad Wilkerson
February 29
District services activity increased moderately in February, and expectations for future activity declined slightly. Firms’ sales increased substantially last month, while employment levels held steady.
Tenth District Services Activity Was Steady in January
by Chad Wilkerson
January 26
Regional services activity was essentially flat in January. Firms’ sales stayed steady, but employment levels fell moderately with only slight increases anticipated in the coming months.