The Dallas Fed general business activity index for Texas' service sector eased slightly to 9.6 in December 2024 from 9.8 in November, marking the third consecutive positive reading after over two years of negative values. The decline was accompanied by mixed signals across components. Revenues increased significantly (13.8 vs. 10.9 in November), indicating stronger demand, while hours worked (-1.2 vs. 4.8) and capital expenditures (8.6 vs. 10.3) softened. Employment also rebounded, though at a slower pace (2.4 vs. 5.1). On the price front, higher input inflation (23.8 vs. 19) coincided with accelerated increases in selling prices (8 vs. 2.8), reflecting cost pressures being passed on to customers. source: Federal Reserve Bank of Dallas

Dallas Fed Services Index in the United States decreased to 9.60 points in December from 9.80 points in November of 2024. Dallas Fed Services Index in the United States averaged 2.31 points from 2007 until 2024, reaching an all time high of 41.70 points in May of 2021 and a record low of -83.80 points in April of 2020. This page includes a chart with historical data for the United States Dallas Fed Services Index. United States Dallas Fed Services Index - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-26 03:30 PM
Dallas Fed Services Index
Nov 9.8 2.0 4
2024-12-31 03:30 PM
Dallas Fed Services Index
Dec 9.6 9.8 9
2025-01-28 03:30 PM
Dallas Fed Services Index
Jan 9.6


Related Last Previous Unit Reference
Dallas Fed Manufacturing Employment Index 0.30 4.90 points Dec 2024
Dallas Fed Manufacturing Index 3.40 -2.70 points Dec 2024
Dallas Fed Manufacturing New Orders Index -0.90 -11.90 points Dec 2024
Dallas Fed Manufacturing Prices Paid Index 10.50 28.50 points Dec 2024
Dallas Fed Manufacturing Production Index 3.90 -0.90 points Dec 2024
Dallas Fed Manufacturing Shipments Index -2.00 -5.90 points Dec 2024
Dallas Fed Services Index 9.60 9.80 points Dec 2024
Dallas Fed Services Revenues Index 13.80 10.90 points Dec 2024

United States Dallas Fed Services Index
The Dallas Fed conducts the Texas Service Sector Outlook Survey monthly to obtain a timely assessment of the state's service sector activity. Firms are asked whether revenue, employment, prices, general business activity and other indicators increased, decreased or remained unchanged over the previous month. Responses are aggregated into balance indexes where positive values generally indicate growth while negative values generally indicate contraction.
Actual Previous Highest Lowest Dates Unit Frequency
9.60 9.80 41.70 -83.80 2007 - 2024 points Monthly
SA


News Stream
Texas Services Activity Expands for 3rd Month
The Dallas Fed general business activity index for Texas' service sector eased slightly to 9.6 in December 2024 from 9.8 in November, marking the third consecutive positive reading after over two years of negative values. The decline was accompanied by mixed signals across components. Revenues increased significantly (13.8 vs. 10.9 in November), indicating stronger demand, while hours worked (-1.2 vs. 4.8) and capital expenditures (8.6 vs. 10.3) softened. Employment also rebounded, though at a slower pace (2.4 vs. 5.1). On the price front, higher input inflation (23.8 vs. 19) coincided with accelerated increases in selling prices (8 vs. 2.8), reflecting cost pressures being passed on to customers.
2024-12-31
Texas Services Activity Expands Further
The Dallas Fed general business activity index for Texas' service sector rose to 9.2 in November of 2024 from 2 in the previous month, the second consecutive positive reading after more than two years of consecutive negative values. The increase was due to a sustained rise in revenues (10.9 vs 9.2 in October), hours worked (4.8 vs 2.5), and capital expenditures (10.3 vs 9.2), suggesting that stronger demand from customers allowed firms to increase capacity. In turn, employment rebounded (5.1 vs -0.2). On the price front, lower input inflation (19 vs 26.1) allowed firms to slow the increases in their selling prices (2.8 vs 4).
2024-11-26
Texas Services Activity Recovers
The Dallas Fed general business activity index for Texas' service sector rose to 2 in October of 2024 from -2.6 in the previous month, the first positive reading since May of 2022 to signal the start of a positive trend in the region’s activity. The increase was owed to a sustained rise in revenues for firms (9.2 vs 10.1 in September) and a rebound in hours worked (2.5 vs -0.8), indicating a rebound in demand for capacity. In the meantime, wages and benefits accelerated from the previous month (16.2 vs 12.3), driving input prices to continue rising as well (26.1 vs 23.3). While selling pieces continued to rise, the increase softened from the previous month (4 vs 5.4). Looking forward, Texan companies expect business activity to continue increasing (3.8 vs 1.2), although firms also indicated higher uncertainty (17.9 vs 9.4).
2024-10-29