Texas Service Sector Outlook Survey: Wages and benefits: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Service Sector Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about service-sector firms in Texas, the seasonally adjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 15.1 in September 2026, versus 18.8 in August 2026.
Sample. There are 237 records overall in the monthly series presented in the chart above. The time period covered by the series stretches from January 2007 to September 2026.
History. Take a look at a few statistics we computed on the entire sample: the diffusion index reached a minimum of -23.7 in April 2020; it hit a maximum of 37.0 in January 2022; it was equal on average to 15.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 15.7000 |
| 2026-08-31 | 18.8000 |
| 2026-09-30 | 15.1000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did wages and benefits increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Dallas |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
Series in the same data set
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