FX.co ★ 11th District Services Activity Slows Decline

In November 2025, the Federal Reserve Bank of Dallas reported an improvement in the general business activity index, which climbed to -2.3 from a five-month low of -9.4 recorded in October. This uptick marks the mildest contraction in the district's services sector activity since August. The index for service providers' revenues increased to -2.5 from -6.4, indicating a recovery. Employment also saw a positive shift, increasing to 3.1 from -4.8. Concurrently, wages and benefits experienced a sharper rise, moving to 14.7 from 10.7. This was accompanied by a surge in input prices, which jumped to 27.6 from 23, consequently driving an acceleration in selling prices, which rose to 6.5 from 4.6. Looking ahead, the outlook index improved to -4.2 from -10, suggesting a more optimistic future perspective.