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Services activity in the middle of the U.S. in January improved from December but stayed in negative territory, while expectations for future activity rose modestly, according to a monthly survey by the Federal Reserve Bank of Kansas City.

The Tenth District Services Survey's composite index, a weighted average of indexes covering revenue/sales, employment and inventory, came in at minus 2 in January, up from a reading of minus 7 in December but down from zero in November. Readings above zero indicate expansion, while those below zero indicate contraction.

The Kansas City Fed said activity among industries was mixed in January, with the retail and transportation seeing substantial declines, and professional and health services posting gains.

The bank said its index of expectations for future services activity was 3 in January, up from minus 1 in December, as firms surveyed expect mild increases in revenue and employment in the next six months.

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 factory activity in the central U.S. contracted sharply in January.

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