États-Unis Richmond-Fed-Fabrication-Index

The Dallas Fed general business activity index for Texas’s service sector eased to 7.4 in January of 2025 from the upwardly revised, near two-year high, of 10.8 in the previous month. The ease was in line with the softening for composite business activity throughout other regions of the country, suggesting that higher rates are having an impact in business activity. In the meantime, companies raised their headcounts (2 vs -8) amid the higher demand for capacity, and wages rose sharply (22 vs 16). On the price front, input costs rose at a slower pace (2.37 vs 2.86), allowing businesses to ease the increase in their output charges (1.21 v 1.71). On the other hand, future expectations eased both for the volume of new orders (32 vs 41) and shipments (32 vs 41).