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Texas Service Sector Activity Expands at a Slower Pace

Texas Service Sector Outlook Survey


Click on links in the table for greater details. Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Current (versus previous month)
IndicatorFeb IndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

14.1

16.2

–2.1

Increasing

87

31.0

52.1

16.9

Employment

5.9

4.8

+1.1

Increasing

84

14.8

76.3

8.9

Part–Time Employment

3.7

2.9

+0.8

Increasing

8

9.1

85.5

5.4

Hours Worked

6.9

4.8

+2.1

Increasing

4

10.8

85.3

3.9

Wages and Benefits

17.3

17.7

–0.4

Increasing

89

19.4

78.5

2.1

Input Prices

25.4

23.4

+2.0

Increasing

94

27.0

71.4

1.6

Selling Prices

5.2

12.5

–7.3

Increasing

12

10.5

84.2

5.3

Capital Expenditures

9.8

10.9

–1.1

Increasing

90

14.9

80.0

5.1

General Business Conditions
Current (versus previous month)
IndicatorIndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

12.0

17.9

–5.9

Improving

8

22.0

68.1

10.0

General Business Activity

15.6

21.2

–5.6

Improving

6

24.4

66.8

8.8

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorFeb IndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

47.5

52.3

–4.8

Increasing

96

55.5

36.5

8.0

Employment

28.4

27.3

+1.1

Increasing

95

37.6

53.2

9.2

Part–Time Employment

13.0

11.2

+1.8

Increasing

56

17.8

77.4

4.8

Hours Worked

10.7

13.3

–2.6

Increasing

6

13.8

83.1

3.1

Wages and Benefits

42.4

44.2

–1.8

Increasing

122

44.7

53.0

2.3

Input Prices

44.8

46.5

–1.7

Increasing

122

46.0

52.8

1.2

Selling Prices

28.0

36.0

–8.0

Increasing

94

33.8

60.4

5.8

Capital Expenditures

26.5

29.2

–2.7

Increasing

95

32.3

61.9

5.8

General Business Conditions
Future (six months ahead)
IndicatorIndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

29.6

33.0

–3.4

Improving

12

37.3

55.0

7.7

General Business Activity

31.5

36.2

–4.7

Improving

12

37.3

56.9

5.8

Texas Retail Outlook Survey


Click on links in the table for greater details. Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Retail (versus previous month)
IndicatorFeb IndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

6.9

7.4

–0.5

Increasing

4

28.0

50.9

21.1

Employment

–3.7

–3.2

–0.5

Decreasing

2

8.9

78.5

12.6

Part–Time Employment

5.1

–3.6

+8.7

Increasing

1

10.3

84.5

5.2

Hours Worked

0.3

0.3

0.0

Increasing

3

7.7

84.9

7.4

Wages and Benefits

20.4

24.0

–3.6

Increasing

72

25.1

70.2

4.7

Input Prices

29.4

15.3

+14.1

Increasing

13

31.3

66.8

1.9

Selling Prices

25.8

14.6

+11.2

Increasing

12

29.1

67.6

3.3

Capital Expenditures

6.9

7.0

–0.1

Increasing

7

13.8

79.3

6.9

Inventories

15.1

12.8

+2.3

Increasing

5

28.0

59.1

12.9

Companywide Retail Activity

Companywide Sales

0.6

8.7

–8.1

Increasing

5

22.7

55.2

22.1

Companywide Internet Sales

11.1

–7.9

+19.0

Increasing

1

17.2

76.7

6.1

General Business Conditions, Retail
Current (versus previous month)
IndicatorIndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

13.1

16.0

–2.9

Improving

4

22.0

69.1

8.9

General Business Activity

8.4

21.8

–13.4

Improving

4

22.9

62.6

14.5

Business Indicators Relating to Facilities and Products in Texas, Retail
Future (six months ahead)
IndicatorFeb IndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

44.1

45.4

–1.3

Increasing

96

53.5

37.1

9.4

Employment

19.4

14.5

+4.9

Increasing

24

29.3

60.7

9.9

Part–Time Employment

14.8

8.6

+6.2

Increasing

4

20.4

74.0

5.6

Hours Worked

5.0

5.8

–0.8

Increasing

4

12.6

79.8

7.6

Wages and Benefits

33.0

33.1

–0.1

Increasing

98

37.5

58.0

4.5

Input Prices

42.1

41.8

+0.3

Increasing

94

47.4

47.4

5.3

Selling Prices

35.7

41.8

–6.1

Increasing

94

41.1

53.6

5.4

Capital Expenditures

23.6

25.4

–1.8

Increasing

5

30.9

61.8

7.3

Inventories

18.4

14.2

+4.2

Increasing

4

35.8

46.8

17.4

Companywide Retail Activity

Companywide Sales

41.4

43.9

–2.5

Increasing

95

50.7

40.0

9.3

Companywide Internet Sales

34.2

37.1

–2.9

Increasing

7

36.8

60.5

2.6

General Business Conditions, Retail
Future (six months ahead)
IndicatorIndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

28.5

29.9

–1.4

Improving

3

33.8

60.9

5.3

General Business Activity

30.7

40.2

–9.5

Improving

6

38.2

54.3

7.5

*Indicator direction refers to this month's index. If index is positive (negative), indicator is increasing (decreasing) or improving (worsening). If zero, indicator is unchanged.

**Number of months moving in current direction.

Data have been seasonally adjusted as necessary.

Questions regarding the Texas Service Sector Outlook Survey can be addressed to Amy Jordan at amy.jordan@dal.frb.org.

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