Texas Service Sector Outlook Survey: Wages and benefits: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 survey data about service firms based in Texas, the seasonally unadjusted diffusion index for wages and benefits (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 49.1 in September 2026, compared to 41.8 in August.
Sample. The monthly series presented in the figure has 237 records. The time range covered by the series extends from January 2007 to September 2026.
History. Here's a glimpse of some descriptive statistics calculated on the entire sample: the diffusion index attained a maximum of 62.0 in December 2021; it hit a minimum of -6.0 in March 2020; it had an average value of 37.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 41.7000 |
| 2026-08-31 | 41.8000 |
| 2026-09-30 | 49.1000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will wages and benefits increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| 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) |
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