Texas Service Sector Outlook Survey: Wages and benefits: Future (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 survey data about service firms based in Texas, the seasonally adjusted diffusion index for wages and benefits (share of CEOs seeing a future increase minus share forecasting a decrease) was 47.1 in September 2026, versus 40.6 in August 2026.
Sample. There are 237 observations overall in the monthly series shown in the figure above. The series covers the time period stretching from January 2007 to September 2026.
History. Check out some summary statistics we calculated on the entire sample: the diffusion index had a mean of 37.6; it hit a maximum of 58.5 in October 2021; it recorded a bottom of -3.1 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 42.7000 |
| 2026-08-31 | 40.6000 |
| 2026-09-30 | 47.1000 |
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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 | 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) |
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