10:37 AM EDT, 10/01/2024 (MT Newswires) -- The Dallas Federal Reserve's monthly general business services index rose to a reading of minus 2.6 in September from minus 7.7 in August, indicating a slower pace of contraction in the sector.

There were gains in the readings for revenue, employment and selling price, while the input prices reading decreased but remained above the breakeven point.

The index is in line with the Philadelphia Fed, Kansas City and Richmond Fed indexes but in contrast with the New York Fed and the S&P Global flash measures that signaled expansion.