The Federal Reserve Bank of Dallas' general business activity index for services in Texas fell to 12.9 in December 2021, from 22.7 in the previous month, pointing to a slowdown of the state's service sector activity growth. The revenue index, a key measure of state service sector conditions, declined to 20.4 from 25.4 in November, while labor market indicators suggest continued growth in hiring and average hours worked. The employment index dropped 2.2 points to 10.7, while the part-time employment index slipped 4.0 points to 5.8 this month. The hours worked index came at 10.2, down from last month’s 13.3 reading. Finally, the wages and benefits index edged up 0.3 points to a fresh record high of 35.4 and price pressures continued to build, albeit at a softer pace, with both input and output price indexes still at historically high levels. source: Federal Reserve Bank of Dallas
Dallas Fed Services Index in the United States averaged 3.88 points from 2007 until 2021, reaching an all time high of 40 points in May of 2021 and a record low of -83.40 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 2022.
Dallas Fed Services Index in the United States is expected to be 18.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.