The Federal Reserve Bank of Dallas' revenue index for services in Texas, a key measure of state service sector conditions, increased to 19.6 in October 2021, from 14.5 in the previous month. Labor market indicators suggested there was a significant acceleration in hiring and lengthening of average hours worked, while perceptions of broader business conditions also improved significantly. On the price front, the wages and benefits index increased to 34.7, a record high in the survey’s 14-year history. The selling prices index rose to 22.7, while the input prices index climbed to 47.0, its highest reading since 2008. Finally, expectations regarding future business activity were more positive compared with September. source: Federal Reserve Bank of Dallas
Dallas Fed Services Revenues Index in the United States averaged 11.09 points from 2007 until 2021, reaching an all time high of 38.50 points in May of 2007 and a record low of -66.40 points in March of 2020. This page includes a chart with historical data for the United States Dallas Fed Services Revenues Index. United States Dallas Fed Services Revenues Index - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.