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US Dallas Fed Services Index climbed to 2.9 in June 2026, up 10.6 from May's -7.7 reading. The print exceeded the -4 consensus by 6.9. Dallas Fed Services Index has now risen for 4 consecutive months. Over the past 3 months, Dallas Fed Services Index averaged -8.8, vs -4.6 in the prior 3-month window. Dallas Fed Services Index is now the highest in 9 months.
across last 12 releases
Jun 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CHF | ▲ Direct | +0.61 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.55 | INDEX | Moves against | → View |
| USD/CAD | ▲ Direct | +0.44 | FOREX | Moves with | → View |
| AUD/USD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.39 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Dallas Fed Services Index (United States) was reported at 2.90 in June 2026. This beat the market consensus of -4.00 by 6.90. The reading rose from the previous value of -7.70. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -2.76, ranging from -13.30 to 6.80 across 11 releases.
The indicator has been trending upward over the last three releases. The trailing three releases averaged -6.03, down from the prior three at -1.27. Volatility over the past year (σ 5.75) is lower than the prior year (σ 9.10).
Historically, this indicator is positively correlated with USD/CHF (Bullish USD). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 6.01.
Same-country events in the next 14 days include Import Prices MoM (Jul 17) and Building Permits (Jul 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
The Dallas Fed Services Index is a key economic indicator that measures the performance of the service sector in the Dallas-Fort Worth metropolitan area. It provides valuable insights into the overall health and growth of the local economy, as well as potential trends and shifts in consumer spending and business activity. This index is widely used by economists, policymakers, and businesses to make informed decisions and assess the economic climate in the Dallas region.
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
Latest reading (Jun 2026): actual 2.9, consensus -4. Prior reading (May 2026): -7.7. Before that (Apr 2026): -9.9.
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CHF (Bullish USD, r=0.61) — a useful reference for forex-focused traders.
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
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| Friday, July 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | Import Prices YoY | 6.7 | 5.4 | 5.40 | Low | ||
| 12:30 | Housing Starts | 1.177 | 1.2 | 1.20 | High | ||
| 13:15 | Industrial Production YoY | 1.7 | 1.5 | 0.95 | Low | ||
| 13:15 | Manufacturing Production YoY | 1.4 | 1 | 0.25 | Low | ||
| 13:15 | Capacity Utilization | 76.2 | 76.7 | 76.40 | Low | ||