Dallas Fed service sector index of general business activity

The Dallas Fed's January service sector index of

  • General business activity fell to 11.1 versus 13.5 last month
  • service sector revenue index rose to 18.8 in January versus 17.9 in December
  • employment 8.4 versus 5.5 in December
  • part-time employment 0.6 versus 2.3 in December
  • hours worked 3.3 versus 4.1 in December
  • wages and benefits 19.4 versus 19.2 in December
  • input prices 27.0 versus 25.7 in December
  • selling prices 16.9 versus 6.9 in December
  • capital expenditures 10.1 versus 11.8 December
  • company outlook 12.5 versus 11.3

The indicators six-month ahead are mostly showing positive expectations. The negatives are input prices and capital expenditures:

  • revenue 43.7 versus 37.8 last month
  • employment 27.7 versus 22.3 last month
  • part-time employment 9.9 versus 8.7 last month
  • hours worked 11.0 versus 4.5 last month
  • wages and benefits 40.7 versus 39.4 last month
  • input prices 41.4 versus 46.6 last month
  • selling prices 30.5 versus 26.5 last month
  • capital expenditures 25.5 versus 29.0 last month