The Dallas Fed general business activity index for Texas' service sector fell to -17.3 in May of 2023 from -14.4 in April, worse than market forecasts of -16, in a sign perceptions of broader business conditions continued to worsen. Decreases were seen in employment (4.2 vs 5.5), input prices (31.8 vs 35.5) and wage pressures (16.6 vs 18.4) while activity growth was steady (revenues index at 6.9 vs 6.9 in April). Also, capital expenditures increased slightly (11.5 vs 10.3). Meanwhile, the company outlook index worsened a bit to -9.5 from -9.4 and the outlook uncertainty index fell to 15.8 from 16.1. At the same time, the future general business activity index decreased to -13.2 from -13. source: Federal Reserve Bank of Dallas
Dallas Fed Services Index in the United States averaged 3.05 points from 2007 until 2023, reaching an all time high of 41.30 points in May of 2021 and a record low of -83.70 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 June of 2023.