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.

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United States Dallas Fed Services Revenues Index

Calendar GMT Actual Previous Consensus TEForecast
2021-10-26 02:30 PM Oct 19.6 14.5
2021-11-30 03:30 PM Nov 19.6 20

Related Last Previous Unit Reference
Dallas Fed Manufacturing Index 14.60 4.60 points Oct/21
Dallas Fed Services Revenues Index 19.60 14.50 points Oct/21
Dallas Fed Services Index 20.70 8.30 points Oct/21
United States Dallas Fed Services Revenues 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.