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Texas Service Sector Outlook Survey

February 26, 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)
IndicatorFeb IndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

19.2

14.9

+4.3

Increasing

110

29.4

60.4

10.2

Employment

9.7

7.0

+2.7

Increasing

108

15.9

77.9

6.2

Part–Time Employment

1.7

–0.1

+1.8

Increasing

1

6.5

88.7

4.8

Hours Worked

5.0

6.6

–1.6

Increasing

28

8.5

88.0

3.5

Wages and Benefits

19.1

18.7

+0.4

Increasing

117

21.4

76.3

2.3

Input Prices

20.6

20.1

+0.5

Increasing

118

22.6

75.4

2.0

Selling Prices

8.0

7.9

+0.1

Increasing

36

10.0

88.1

2.0

Capital Expenditures

10.5

9.8

+0.7

Increasing

114

15.0

80.4

4.5

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

Company Outlook

6.1

1.3

+4.8

Improving

2

12.2

81.7

6.1

General Business Activity

2.0

–4.8

+6.8

Improving

1

11.2

79.6

9.2

IndicatorFeb IndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

8.7

14.0

–5.3

Increasing

13

17.9

73.0

9.2

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

39.2

37.3

+1.9

Increasing

120

47.7

43.8

8.5

Employment

23.7

23.8

–0.1

Increasing

119

32.7

58.3

9.0

Part–Time Employment

8.9

6.6

+2.3

Increasing

80

13.8

81.3

4.9

Hours Worked

9.6

7.9

+1.7

Increasing

30

12.8

84.0

3.2

Wages and Benefits

42.4

40.8

+1.6

Increasing

146

45.2

52.0

2.8

Input Prices

41.6

39.9

+1.7

Increasing

146

43.7

54.2

2.1

Selling Prices

29.2

28.1

+1.1

Increasing

118

34.3

60.7

5.1

Capital Expenditures

27.7

24.3

+3.4

Increasing

119

32.4

62.9

4.7

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

Company Outlook

17.4

7.6

+9.8

Improving

36

26.4

64.6

9.0

General Business Activity

11.0

–0.6

+11.6

Improving

1

21.3

68.4

10.3

Texas Retail Outlook Survey

February 26, 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)
IndicatorFeb IndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

9.2

6.5

+2.7

Increasing

10

24.1

61.0

14.9

Employment

6.3

0.1

+6.2

Increasing

2

11.4

83.5

5.1

Part–Time Employment

4.1

–11.1

+15.2

Increasing

1

8.2

87.8

4.1

Hours Worked

0.6

1.9

–1.3

Increasing

20

4.8

91.0

4.2

Wages and Benefits

11.1

8.3

+2.8

Increasing

96

17.5

76.1

6.4

Input Prices

6.1

15.0

–8.9

Increasing

37

13.9

78.3

7.8

Selling Prices

11.0

14.7

–3.7

Increasing

23

17.5

76.0

6.5

Capital Expenditures

10.0

0.0

+10.0

Increasing

1

14.0

82.0

4.0

Inventories

13.6

19.0

–5.4

Increasing

9

27.8

58.0

14.2

Companywide Retail Activity

Companywide Sales

5.0

3.5

+1.5

Increasing

10

17.3

70.4

12.3

Companywide Internet Sales

3.9

7.1

–3.2

Increasing

10

10.8

82.3

6.9

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

Company Outlook

0.5

–8.3

+8.8

Improving

1

10.4

79.7

9.9

General Business Activity

–5.8

–12.1

+6.3

Worsening

3

5.4

83.4

11.2

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

Outlook Uncertainty†

6.0

12.7

–6.7

Increasing

9

14.0

78.0

8.0

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

24.9

2.2

+22.7

Increasing

2

37.0

50.9

12.1

Employment

3.3

–1.6

+4.9

Increasing

1

12.4

78.6

9.1

Part–Time Employment

3.6

–2.5

+6.1

Increasing

1

10.2

83.2

6.6

Hours Worked

0.5

–7.3

+7.8

Increasing

1

5.1

90.3

4.6

Wages and Benefits

24.5

17.6

+6.9

Increasing

122

30.9

62.7

6.4

Input Prices

26.6

16.4

+10.2

Increasing

118

32.7

61.2

6.1

Selling Prices

27.1

19.2

+7.9

Increasing

118

37.5

52.1

10.4

Capital Expenditures

16.3

9.2

+7.1

Increasing

2

20.4

75.5

4.1

Inventories

–14.1

6.7

–20.8

Decreasing

1

15.2

55.5

29.3

Companywide Retail Activity

Companywide Sales

20.3

9.0

+11.3

Increasing

119

33.2

53.9

12.9

Companywide Internet Sales

12.5

5.1

+7.4

Increasing

31

21.9

68.8

9.4

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

Company Outlook

7.9

–16.5

+24.4

Improving

0

16.6

74.7

8.7

General Business Activity

7.5

–20.0

+27.5

Improving

1

16.7

74.1

9.2

*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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