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Texas Service Sector Outlook Survey

November 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)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

12.2

15.4

–3.2

12.1

120(+)

28.0

56.2

15.8

Employment

7.0

9.1

–2.1

6.7

117(+)

16.8

73.4

9.8

Part–Time Employment

–2.2

2.7

–4.9

1.8

1(–)

5.0

87.8

7.2

Hours Worked

2.9

1.7

+1.2

2.8

37(+)

8.3

86.3

5.4

Wages and Benefits

16.2

19.9

–3.7

14.6

126(+)

20.0

76.2

3.8

Input Prices

24.7

24.5

+0.2

25.4

127(+)

27.2

70.3

2.5

Selling Prices

0.7

–1.0

+1.7

5.5

1(+)

11.1

78.5

10.4

Capital Expenditures

10.4

9.5

+0.9

10.8

123(+)

16.5

77.4

6.1

General Business Conditions
Current (versus previous month)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

10.3

10.7

–0.4

6.1

3(+)

19.7

70.9

9.4

General Business Activity

4.7

1.8

+2.9

3.9

6(+)

16.9

70.9

12.2

IndicatorNov IndexOct IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

11.2

18.0

–6.8

11.8

22(+)

20.0

71.2

8.8

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

36.3

38.1

–1.8

37.9

129(+)

46.9

42.5

10.6

Employment

22.6

23.1

–0.5

22.2

128(+)

31.5

59.7

8.9

Part–Time Employment

6.0

8.3

–2.3

6.7

5(+)

12.1

81.8

6.1

Hours Worked

3.9

6.9

–3.0

5.4

39(+)

7.2

89.5

3.3

Wages and Benefits

36.8

42.0

–5.2

36.5

155(+)

40.2

56.4

3.4

Input Prices

39.4

40.6

–1.2

44.4

155(+)

42.8

53.8

3.4

Selling Prices

22.9

20.7

+2.2

23.4

127(+)

30.7

61.5

7.8

Capital Expenditures

23.7

21.9

+1.8

24.2

128(+)

33.0

57.7

9.3

General Business Conditions
Future (six months ahead)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

17.6

10.7

+6.9

17.0

11(+)

27.5

62.6

9.9

General Business Activity

8.5

0.2

+8.3

13.6

3(+)

23.1

62.3

14.6

Texas Retail Outlook Survey

November 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)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

6.2

7.5

–1.3

6.8

3(+)

22.6

61.0

16.4

Employment

7.6

4.8

+2.8

2.4

2(+)

13.2

81.2

5.6

Part–Time Employment

–6.2

3.5

–9.7

–1.7

1(–)

4.2

85.4

10.4

Hours Worked

–0.9

–11.2

+10.3

–1.3

4(–)

5.4

88.3

6.3

Wages and Benefits

13.8

12.8

+1.0

9.8

105(+)

19.0

75.8

5.2

Input Prices

20.9

11.6

+9.3

19.1

46(+)

22.2

76.5

1.3

Selling Prices

17.7

11.5

+6.2

10.3

32(+)

23.2

71.3

5.5

Capital Expenditures

6.1

6.9

–0.8

9.5

10(+)

14.3

77.6

8.2

Inventories

–0.5

–6.5

+6.0

3.8

3(–)

19.3

60.9

19.8

Companywide Retail Activity

Companywide Sales

–1.8

12.8

–14.6

8.5

1(–)

18.0

62.2

19.8

Companywide Internet Sales

12.2

3.7

+8.5

7.0

19(+)

17.0

78.2

4.8

General Business Conditions, Retail
Current (versus previous month)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

5.4

11.1

–5.7

4.4

2(+)

16.0

73.4

10.6

General Business Activity

9.6

–0.2

+9.8

–0.1

1(+)

16.5

76.6

6.9

Outlook Uncertainty
Current (versus previous month)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

14.3

13.8

+0.5

10.5

18(+)

18.4

77.6

4.1

Business Indicators Relating to Facilities and Products in Texas, Retail
Future (six months ahead)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

10.6

21.2

–10.6

32.7

6(+)

29.2

52.2

18.6

Employment

–8.1

5.1

–13.2

12.5

1(–)

8.7

74.5

16.8

Part–Time Employment

–0.4

4.9

–5.3

0.7

1(–)

7.8

84.0

8.2

Hours Worked

–5.4

–2.5

–2.9

2.7

13(–)

1.7

91.2

7.1

Wages and Benefits

26.9

23.6

+3.3

27.3

131(+)

32.4

62.0

5.5

Input Prices

31.9

29.1

+2.8

33.1

127(+)

38.3

55.3

6.4

Selling Prices

29.8

25.0

+4.8

29.1

127(+)

38.3

53.2

8.5

Capital Expenditures

–6.4

14.2

–20.6

18.3

1(–)

10.6

72.3

17.0

Inventories

–11.0

–9.8

–1.2

8.4

7(–)

14.8

59.4

25.8

Companywide Retail Activity

Companywide Sales

18.5

24.2

–5.7

31.2

128(+)

32.3

53.9

13.8

Companywide Internet Sales

13.9

13.1

+0.8

21.9

40(+)

22.2

69.4

8.3

General Business Conditions, Retail
Future (six months ahead)
IndicatorNov IndexOct IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

4.6

4.3

+0.3

17.4

3(+)

18.1

68.3

13.5

General Business Activity

1.4

–7.2

+8.6

13.1

1(+)

18.4

64.6

17.0

*Shown is the number of consecutive months of expansion or contraction in the underlying indicator. Expansion is indicated by a positive index reading and denoted by a (+) in the table. Contraction is indicated by a negative index reading and denoted by a (–) in the table.

**Shown is the number of consecutive months of improvement or worsening in the underlying indicator. Improvement is indicated by a positive index reading and denoted by a (+) in the table. Worsening is indicated by a negative index reading and denoted by a (–) in the table.

†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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