11th District Services Activity Index Shows Continued Weakness

The general business activity index published by the Federal Reserve Bank of Dallas fell to -3.2 in February of 2026 from 2.7 in the earlier month, reflecting a slight worsening in broader business conditions. The index measuring revenues ticked down to 4.1, losing traction from the jump seen in the first month of the year. Consistently, employment levels suggested little change (0.4 vs 0.9 in January 2026). On the price front, input costs extended their sharp increases and rose at about the same pace as the previous month (22.4 vs 21.1), driving companies to similarly maintain growth for selling charges (8.3 vs 7.9). Looking ahead, companies continued to improve their outlook on future business conditions (15.0 vs 14.7).

The general business activity index published by the Federal Reserve Bank of Dallas rose to 2.7 in January of 2026 from the downwardly revised -5 in the earlier month, reflecting the first improvement in business activity since August. The index measuring revenues jumped to 7.8, gaining traction from the stall in the final month of last year. Consistently, employment levels rebounded (0.9 vs -1.1 in December 2025). On the price front, input costs extended their sharp increases but slowed from the previous month (21.1 vs 27.1), driving companies to ease the growth for selling charges (7.9 vs 8.2).Looking ahead, companies improved their outlook on future business conditions (5.6 vs -2.7).

The general business activity index published by the Federal Reserve Bank of Dallas declined to -3.3 in December 2025 from -2.3 in the previous month, marking the fourth consecutive month in contraction territory, indicating a continued slowdown in regional services activity.