Tenth District Services Growth Eased in April:

FOR IMMEDIATE RELEASE

April 24, 2026

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

"Regional services activity grew at a slower pace in April, following four consecutive months of accelerated growth," said Cowley. "Almost 75% of firms reported higher transportation costs in the last two months, but the majority are passing through only 0-20% of energy-related cost increases to customers."

A summary of the April survey is below. The April 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 Linkhttps://www.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 Linkhttps://www.kansascityfed.org.

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