By Colin Kellaher
Services activity in the middle of the U.S. expanded again in March, and expectations for future activity moved 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 15 in March following readings of 6 in February and 2 in January. Readings above zero indicate expansion, while those below zero indicate contraction.
The Kansas City Fed said the March total was the composite index's highest reading since September 2022.
The bank said its index of expectations for future services activity rose to 17 in March from 13 in February.
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. continued to grow in March.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 27, 2026 11:15 ET (15:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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