United States Dallas Fed Services Index

The Dallas Fed general business activity index for Texas' service sector eased slightly to 9.6 in December 2024 from 9.8 in November, marking the third consecutive positive reading after over two years of negative values. The decline was accompanied by mixed signals across components. Revenues increased significantly (13.8 vs. 10.9 in November), indicating stronger demand, while hours worked (-1.2 vs. 4.8) and capital expenditures (8.6 vs. 10.3) softened. Employment also rebounded, though at a slower pace (2.4 vs. 5.1). On the price front, higher input inflation (23.8 vs. 19) coincided with accelerated increases in selling prices (8 vs. 2.8), reflecting cost pressures being passed on to customers.