The Dallas Federal Reserve’s Services Revenues index for the United States turned negative in September 2026, signaling a contraction in regional service-sector activity. The indicator fell to -0.9 in September from 6.6 in August 2026, according to data updated on 29 September 2026.
The move from a positive reading to slightly below zero suggests that service firms, on balance, reported weaker revenues compared with the previous month, after a period of modest expansion. While the decline is not steep, the shift into negative territory may reflect growing pressure on consumer and business demand in the services sector as the third quarter draws to a close.
