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Texas Service Sector Outlook Survey

July 31, 2018

Results Table

Report


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)
IndicatorJul IndexJun IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

25.4

19.0

+6.4

Increasing

103

40.2

45.0

14.8

Employment

11.9

13.9

–2.0

Increasing

101

19.4

73.1

7.5

Part–Time Employment

5.7

4.3

+1.4

Increasing

6

9.4

86.9

3.7

Hours Worked

9.1

10.7

–1.6

Increasing

21

13.1

82.8

4.0

Wages and Benefits

24.5

24.2

+0.3

Increasing

110

27.5

69.6

3.0

Input Prices

31.4

32.2

–0.8

Increasing

111

33.2

65.0

1.8

Selling Prices

13.2

15.4

–2.2

Increasing

29

18.3

76.6

5.1

Capital Expenditures

17.4

14.4

+3.0

Increasing

107

22.4

72.6

5.0

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

Company Outlook

14.2

14.4

–0.2

Improving

25

22.0

70.2

7.8

General Business Activity

21.1

22.4

–1.3

Improving

23

26.2

68.7

5.1

IndicatorJul IndexJun IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

12.1

6.9

+5.2

Increasing

6

20.4

71.3

8.3

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

Revenue

44.1

44.6

–0.5

Increasing

113

52.2

39.7

8.1

Employment

28.9

28.9

0.0

Increasing

112

35.1

58.8

6.2

Part–Time Employment

9.4

9.5

–0.1

Increasing

73

16.6

76.2

7.2

Hours Worked

9.1

10.7

–1.6

Increasing

23

12.8

83.5

3.7

Wages and Benefits

51.1

50.4

+0.7

Increasing

139

53.2

44.7

2.1

Input Prices

48.7

45.4

+3.3

Increasing

139

52.0

44.6

3.3

Selling Prices

35.0

35.8

–0.8

Increasing

111

41.1

52.8

6.1

Capital Expenditures

28.7

28.4

+0.3

Increasing

112

36.1

56.4

7.4

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

Company Outlook

26.1

27.6

–1.5

Improving

29

34.1

58.0

8.0

General Business Activity

25.5

28.7

–3.2

Improving

29

30.2

65.1

4.7

Texas Retail Outlook Survey

July 31, 2018

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)
IndicatorJul IndexJun IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

6.0

1.6

+4.4

Increasing

3

29.6

46.8

23.6

Employment

3.3

10.7

–7.4

Increasing

11

11.5

80.3

8.2

Part–Time Employment

0.0

8.2

–8.2

No Change

1

5.7

88.7

5.7

Hours Worked

0.6

9.1

–8.5

Increasing

13

7.8

85.0

7.2

Wages and Benefits

21.1

29.5

–8.4

Increasing

89

26.0

69.1

4.9

Input Prices

29.4

41.3

–11.9

Increasing

30

35.3

58.8

5.9

Selling Prices

15.3

27.0

–11.7

Increasing

16

31.9

51.5

16.6

Capital Expenditures

11.1

12.0

–0.9

Increasing

24

18.5

74.1

7.4

Inventories

18.9

12.7

+6.2

Increasing

2

27.2

64.5

8.3

Companywide Retail Activity

Companywide Sales

1.6

4.2

–2.6

Increasing

3

26.2

49.3

24.6

Companywide Internet Sales

4.0

17.8

–13.8

Increasing

3

14.0

76.0

10.0

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

Company Outlook

3.2

6.1

–2.9

Improving

16

16.7

69.8

13.5

General Business Activity

9.4

13.0

–3.6

Improving

3

19.8

69.8

10.4

Outlook Uncertainty
Current (versus previous month)
IndicatorJul IndexJun IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

9.4

6.1

+3.3

Increasing

2

22.6

64.2

13.2

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

Sales

22.1

43.5

–21.4

Increasing

113

37.1

47.8

15.0

Employment

14.9

23.6

–8.7

Increasing

14

23.1

68.7

8.2

Part–Time Employment

0.7

9.7

–9.0

Increasing

5

9.3

82.1

8.6

Hours Worked

4.0

8.4

–4.4

Increasing

12

11.7

80.6

7.7

Wages and Benefits

44.8

50.9

–6.1

Increasing

115

47.2

50.3

2.4

Input Prices

37.8

47.9

–10.1

Increasing

111

49.1

39.6

11.3

Selling Prices

26.4

45.8

–19.4

Increasing

111

39.6

47.2

13.2

Capital Expenditures

15.1

20.8

–5.7

Increasing

22

26.4

62.3

11.3

Inventories

4.0

9.1

–5.1

Increasing

21

22.1

59.8

18.1

Companywide Retail Activity

Companywide Sales

22.6

37.1

–14.5

Increasing

112

34.3

54.0

11.7

Companywide Internet Sales

13.1

24.2

–11.1

Increasing

24

18.4

76.3

5.3

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

Company Outlook

9.2

13.9

–4.7

Improving

20

22.3

64.6

13.1

General Business Activity

19.5

23.2

–3.7

Improving

23

25.8

67.9

6.3

*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.

†Added to survey in January 2018.

Data have been seasonally adjusted as necessary, with the exception of the outlook uncertainty index which does not yet have a sufficiently long time series to test for seasonality.

Questions regarding the Texas Service Sector Outlook Survey can be addressed to Christopher Slijk at christopher.slijk@dal.frb.org.

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