The Federal Reserve Bank of Dallas' general business activity index for services in Texas rose to 22.7 in November 2021, from 20.7 in the previous month, pointing to an acceleration to the state's service sector activity growth. The revenue index, a key measure of state service sector conditions, increased to 25.4 from 19.6, while labor market indicators suggest continued growth in hiring and a lengthening of average hours worked. The employment index dipped 1.3 points to 12.9, even as the part-time employment index rose to the highest since 2007. The hours worked index was roughly unchanged at 13.3. Finally, wage and price pressures continued to build in November, with indexes at historically high levels. source: Federal Reserve Bank of Dallas

Dallas Fed Services Index in the United States averaged 3.83 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 December of 2021.

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United States Dallas Fed Services Index

Calendar GMT Actual Previous Consensus TEForecast
2021-10-26 02:30 PM Oct 20.7 8.3
2021-11-30 03:30 PM Nov 22.7 20.7 21
2021-12-28 03:30 PM Dec 22.7

Related Last Previous Unit Reference
Dallas Fed Manufacturing Index 11.80 14.60 points Nov/21
Dallas Fed Services Revenues Index 25.40 19.60 points Nov/21
Dallas Fed Services Index 22.70 20.70 points Nov/21
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.