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Texas Service Sector Outlook Survey

January 2, 2019

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)
IndicatorDec IndexNov IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

10.1

21.4

–11.3

Increasing

108

27.3

55.5

17.2

Employment

9.9

8.7

+1.2

Increasing

106

17.0

75.9

7.1

Part–Time Employment

1.6

3.6

–2.0

Increasing

11

6.1

89.4

4.5

Hours Worked

1.9

7.5

–5.6

Increasing

26

6.5

88.9

4.6

Wages and Benefits

19.8

20.9

–1.1

Increasing

115

22.3

75.2

2.5

Input Prices

26.1

27.0

–0.9

Increasing

116

29.9

66.2

3.8

Selling Prices

10.5

12.2

–1.7

Increasing

34

16.7

77.1

6.2

Capital Expenditures

10.9

11.3

–0.4

Increasing

112

18.5

73.9

7.6

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

Company Outlook

–4.4

12.0

–16.4

Worsening

1

13.5

68.6

17.9

General Business Activity

–5.0

11.4

–16.4

Worsening

1

14.0

67.0

19.0

IndicatorDec IndexNov IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

15.0

12.8

+2.2

Increasing

11

29.4

56.3

14.4

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

Revenue

32.3

41.4

–9.1

Increasing

118

47.3

37.6

15.0

Employment

20.0

30.0

–10.0

Increasing

117

30.2

59.6

10.2

Part–Time Employment

5.7

10.9

–5.2

Increasing

78

13.5

78.8

7.8

Hours Worked

6.0

6.3

–0.3

Increasing

28

13.0

80.0

7.0

Wages and Benefits

43.4

47.3

–3.9

Increasing

144

47.0

49.5

3.6

Input Prices

47.4

44.5

+2.9

Increasing

144

49.5

48.4

2.1

Selling Prices

29.4

31.7

–2.3

Increasing

116

37.6

54.2

8.2

Capital Expenditures

21.6

27.4

–5.8

Increasing

117

32.0

57.6

10.4

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

Company Outlook

1.6

17.3

–15.7

Improving

34

21.5

58.6

19.9

General Business Activity

–5.0

16.6

–21.6

Worsening

1

17.5

59.9

22.5

Texas Retail Outlook Survey

January 2, 2019

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

Sales

6.2

13.0

–6.8

Increasing

8

26.0

54.2

19.8

Employment

–4.5

2.9

–7.4

Decreasing

1

3.2

89.1

7.7

Part–Time Employment

–2.0

3.7

–5.7

Decreasing

1

8.2

81.6

10.2

Hours Worked

2.5

6.1

–3.6

Increasing

18

8.3

85.9

5.8

Wages and Benefits

11.1

19.7

–8.6

Increasing

94

17.7

75.7

6.6

Input Prices

24.2

21.2

+3.0

Increasing

35

33.7

56.8

9.5

Selling Prices

12.7

12.7

0.0

Increasing

21

25.6

61.5

12.9

Capital Expenditures

0.0

5.5

–5.5

No Change

1

12.0

76.0

12.0

Inventories

6.4

3.6

+2.8

Increasing

7

22.8

60.8

16.4

Companywide Retail Activity

Companywide Sales

9.4

16.8

–7.4

Increasing

8

25.7

58.0

16.3

Companywide Internet Sales

9.6

8.3

+1.3

Increasing

8

18.9

71.8

9.3

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

Company Outlook

–15.6

4.1

–19.7

Worsening

1

7.7

69.0

23.3

General Business Activity

–16.8

7.5

–24.3

Worsening

1

6.4

70.4

23.2

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

Outlook Uncertainty†

14.0

7.6

+6.4

Increasing

7

32.0

50.0

18.0

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

Sales

–1.0

16.4

–17.4

Decreasing

1

25.4

48.2

26.4

Employment

–2.1

10.5

–12.6

Decreasing

1

9.7

78.5

11.8

Part–Time Employment

–1.6

6.1

–7.7

Decreasing

1

9.3

79.8

10.9

Hours Worked

–2.8

–7.5

+4.7

Decreasing

2

14.2

68.8

17.0

Wages and Benefits

24.7

35.6

–10.9

Increasing

120

32.0

60.7

7.3

Input Prices

32.6

23.1

+9.5

Increasing

116

36.7

59.2

4.1

Selling Prices

14.3

21.2

–6.9

Increasing

116

28.6

57.1

14.3

Capital Expenditures

–2.0

11.5

–13.5

Decreasing

1

14.3

69.4

16.3

Inventories

1.1

8.2

–7.1

Increasing

26

20.7

59.7

19.6

Companywide Retail Activity

Companywide Sales

4.9

18.7

–13.8

Increasing

117

30.4

44.1

25.5

Companywide Internet Sales

6.1

12.8

–6.7

Increasing

29

18.2

69.7

12.1

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

Company Outlook

–11.6

0.2

–11.8

Worsening

0

14.1

60.2

25.7

General Business Activity

–12.0

1.9

–13.9

Worsening

1

12.6

62.8

24.6

*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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