FX.co ★ Dallas Fed Services Index Improves Further

In June 2025, the Dallas Federal Reserve's general business activity index showed an increase of 5.7 points from the prior month, reaching a reading of -4.4. This indicates a less pronounced decline in business activity. This result aligns with other key indicators for the United States, which suggested slight improvements in June following the White House's decision to halt new tariffs, although uncertainty persists. Key metrics such as employment changed to -1.2 from -0.2 in May, and capital expenditures rose to 7.5 from 4.4, showing that companies are still adjusting their capacities with a cautiously optimistic outlook. Supporting this sentiment, the expectation for future revenues increased significantly to 33.4 from 27.2. However, the measure of uncertainty regarding future outlooks remains high at 19.7, up from 18.7. Despite these improvements, current revenues saw a slight decline, moving to -4.1 from -4.7.