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Texas Service Sector Outlook Survey

January 29, 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)
IndicatorJan IndexDec IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

14.9

10.1

+4.8

Increasing

109

31.1

52.7

16.2

Employment

7.0

9.9

–2.9

Increasing

107

16.0

74.9

9.0

Part–Time Employment

–0.1

1.6

–1.7

Decreasing

1

5.9

88.1

6.0

Hours Worked

6.6

1.9

+4.7

Increasing

27

10.1

86.3

3.5

Wages and Benefits

18.7

19.8

–1.1

Increasing

116

20.8

77.1

2.1

Input Prices

20.1

26.1

–6.0

Increasing

117

23.7

72.6

3.6

Selling Prices

7.9

10.5

–2.6

Increasing

35

12.7

82.4

4.8

Capital Expenditures

9.8

10.9

–1.1

Increasing

113

16.0

77.8

6.2

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

Company Outlook

1.3

–4.4

+5.7

Improving

1

12.5

76.2

11.2

General Business Activity

–4.8

–5.0

+0.2

Worsening

2

10.2

74.8

15.0

IndicatorJan IndexDec IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

14.0

15.0

–1.0

Increasing

12

24.1

65.8

10.1

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

Revenue

37.3

32.3

+5.0

Increasing

119

48.0

41.3

10.7

Employment

23.8

20.0

+3.8

Increasing

118

32.4

59.0

8.6

Part–Time Employment

6.6

5.7

+0.9

Increasing

79

13.1

80.4

6.5

Hours Worked

7.9

6.0

+1.9

Increasing

29

12.5

82.9

4.6

Wages and Benefits

40.8

43.4

–2.6

Increasing

145

43.7

53.4

2.9

Input Prices

39.9

47.4

–7.5

Increasing

145

44.2

51.4

4.3

Selling Prices

28.1

29.4

–1.3

Increasing

117

35.1

57.9

7.0

Capital Expenditures

24.3

21.6

+2.7

Increasing

118

32.3

59.7

8.0

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

Company Outlook

7.6

1.6

+6.0

Improving

35

22.4

62.8

14.8

General Business Activity

–0.6

–5.0

+4.4

Worsening

2

16.3

66.8

16.9

Texas Retail Outlook Survey

January 29, 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)
IndicatorJan IndexDec IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

6.5

6.2

+0.3

Increasing

9

28.7

49.1

22.2

Employment

0.1

–4.5

+4.6

Increasing

1

12.1

75.9

12.0

Part–Time Employment

–11.1

–2.0

–9.1

Decreasing

2

1.9

85.2

13.0

Hours Worked

1.9

2.5

–0.6

Increasing

19

8.7

84.5

6.8

Wages and Benefits

8.3

11.1

–2.8

Increasing

95

15.3

77.7

7.0

Input Prices

15.0

24.2

–9.2

Increasing

36

23.8

67.4

8.8

Selling Prices

14.7

12.7

+2.0

Increasing

22

22.6

69.5

7.9

Capital Expenditures

0.0

0.0

0.0

No Change

2

8.9

82.1

8.9

Inventories

19.0

6.4

+12.6

Increasing

8

32.0

55.0

13.0

Companywide Retail Activity

Companywide Sales

3.5

9.4

–5.9

Increasing

9

27.3

48.9

23.8

Companywide Internet Sales

7.1

9.6

–2.5

Increasing

9

21.1

64.9

14.0

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

Company Outlook

–8.3

–15.6

+7.3

Worsening

2

8.0

75.7

16.3

General Business Activity

–12.1

–16.8

+4.7

Worsening

2

6.4

75.1

18.5

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

Outlook Uncertainty†

12.7

14.0

–1.3

Increasing

8

23.6

65.5

10.9

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

Sales

2.2

–1.0

+3.2

Increasing

1

25.5

51.2

23.3

Employment

–1.6

–2.1

+0.5

Decreasing

2

7.6

83.2

9.2

Part–Time Employment

–2.5

–1.6

–0.9

Decreasing

2

10.5

76.5

13.0

Hours Worked

–7.3

–2.8

–4.5

Decreasing

3

2.3

88.1

9.6

Wages and Benefits

17.6

24.7

–7.1

Increasing

121

24.7

68.1

7.1

Input Prices

16.4

32.6

–16.2

Increasing

117

29.1

58.2

12.7

Selling Prices

19.2

14.3

+4.9

Increasing

117

32.7

53.8

13.5

Capital Expenditures

9.2

–2.0

+11.2

Increasing

1

22.2

64.8

13.0

Inventories

6.7

1.1

+5.6

Increasing

27

26.0

54.7

19.3

Companywide Retail Activity

Companywide Sales

9.0

4.9

+4.1

Increasing

118

28.5

52.0

19.5

Companywide Internet Sales

5.1

6.1

–1.0

Increasing

30

20.5

64.1

15.4

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

Company Outlook

–16.5

–11.6

–4.9

Worsening

1

6.5

70.5

23.0

General Business Activity

–20.0

–12.0

–8.0

Worsening

2

5.9

68.2

25.9

*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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