Kansas City Fed Services Activity Index Rises in January

Dow Jones01-24 00:33

By Colin Kellaher

Services activity in the middle of the U.S. rose modestly in January, and expectations for future activity also edged 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 2 in January following readings of 1 in December and minus 6 in November. Readings above zero indicate expansion, while those below zero indicate contraction.

The Kansas City Fed said growth in the consumer sector was primarily driven by tourism activity in January, while business activity growth eased, with declines in real-estate services.

The bank said its index of expectations for future services activity rose to 15 in January from 11 in December.

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. was unchanged in January, as firms cited cooling demand despite continued expectations of future growth.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 23, 2026 11:33 ET (16:33 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Readings above zero indicate expansion, while those below zero indicate contraction. \n\n\n  The Kansas City Fed said growth in the consumer sector was primarily driven by tourism activity in January, while business activity growth eased, with declines in real-estate services. \n\n\n  The bank said its index of expectations for future services activity rose to 15 in January from 11 in December. \n\n\n  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. \n\n\n  The bank's monthly manufacturing survey, released Thursday, showed that activity at factories in the central U.S. was unchanged in January, as firms cited cooling demand despite continued expectations of future growth. \n\n\n \n\n\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2026 11:33 ET (16:33 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.1","shortVersion":"4.36.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605540468","isCrawlerRequest":true}