Revenue index comes in at 14.9 vs 10.1 in December
- business index -4.8 versus -5.0 last month
- revenue index 14.9 versus 10.1 last month
- employment 7.0 versus 9.9 last month
- part-time employment -0.1 versus 1.6 last month
- hours work 6.6 versus 1.9 last month
- wages and benefits 18.7 versus 19.8 last month
- input prices 20.1 versus 26.1 last month
- selling price is 7.9 versus 10.5 last month
- capital expenditures 9.8 versus 10.9 last month
The 6 month ahead index for revenue rose to 37.3 versus 32.3 last month, with prior readings for employment, part-time employment, hours worked, capital expenditures vs last month. The wages and benefits, input prices, selling prices showed declines.
The index is not a market mover, but the Dallas Fed district is a solid economic growth engine for the US economy (all things are big in Texas).
