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Texas Service Sector Outlook Survey

January 28, 2020

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

Revenue

18.8

17.9

+0.9

12.2

122(+)

32.0

54.8

13.2

Employment

8.4

5.5

+2.9

6.7

119(+)

17.3

73.8

8.9

Part–Time Employment

0.6

2.3

–1.7

1.8

2(+)

6.4

87.8

5.8

Hours Worked

3.3

4.1

–0.8

2.8

39(+)

8.8

85.7

5.5

Wages and Benefits

19.4

19.2

+0.2

14.7

128(+)

21.7

76.1

2.3

Input Prices

27.0

25.7

+1.3

25.4

129(+)

30.2

66.6

3.2

Selling Prices

16.9

6.9

+10.0

5.5

3(+)

21.5

73.9

4.6

Capital Expenditures

10.1

11.8

–1.7

10.8

125(+)

16.7

76.5

6.6

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

Company Outlook

12.5

11.3

+1.2

6.2

5(+)

20.3

71.8

7.8

General Business Activity

11.1

13.5

–2.4

4.0

8(+)

19.6

71.9

8.5

IndicatorJan IndexDec IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

7.5

1.4

+6.1

11.3

24(+)

17.2

73.0

9.7

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

Revenue

43.7

37.8

+5.9

37.9

131(+)

51.3

41.0

7.6

Employment

27.7

22.3

+5.4

22.3

130(+)

35.1

57.5

7.4

Part–Time Employment

9.9

8.7

+1.2

6.7

7(+)

15.8

78.3

5.9

Hours Worked

11.0

4.5

+6.5

5.5

41(+)

12.8

85.4

1.8

Wages and Benefits

40.7

39.4

+1.3

36.5

157(+)

42.6

55.4

1.9

Input Prices

41.4

46.6

–5.2

44.4

157(+)

43.3

54.7

1.9

Selling Prices

30.5

26.5

+4.0

23.5

129(+)

34.0

62.5

3.5

Capital Expenditures

25.5

29.0

–3.5

24.2

130(+)

32.2

61.1

6.7

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

Company Outlook

19.7

15.6

+4.1

17.0

13(+)

27.2

65.3

7.5

General Business Activity

17.6

17.6

0.0

13.6

5(+)

25.7

66.2

8.1

Texas Retail Outlook Survey

January 28, 2020

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 IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

4.8

13.5

–8.7

6.9

5(+)

27.2

50.4

22.4

Employment

1.0

2.5

–1.5

2.4

4(+)

11.8

77.4

10.8

Part–Time Employment

–8.7

9.6

–18.3

–1.7

1(–)

4.3

82.6

13.0

Hours Worked

4.7

10.7

–6.0

–1.2

2(+)

14.0

76.7

9.3

Wages and Benefits

12.2

25.1

–12.9

9.9

107(+)

16.3

79.6

4.1

Input Prices

25.0

20.7

+4.3

19.1

48(+)

29.7

65.6

4.7

Selling Prices

23.2

18.4

+4.8

10.5

34(+)

30.2

62.8

7.0

Capital Expenditures

–2.1

5.7

–7.8

9.4

1(–)

8.5

80.9

10.6

Inventories

9.6

13.6

–4.0

3.9

2(+)

26.6

56.4

17.0

Companywide Retail Activity

Companywide Sales

10.5

15.6

–5.1

8.5

2(+)

27.9

54.7

17.4

Companywide Internet Sales

1.9

14.8

–12.9

7.0

21(+)

13.9

74.1

12.0

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

Company Outlook

0.2

15.0

–14.8

4.4

4(+)

12.4

75.4

12.2

General Business Activity

–2.1

8.3

–10.4

0.0

1(–)

11.7

74.5

13.8

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

Outlook Uncertainty†

8.5

–9.5

+18.0

9.7

1(+)

17.0

74.5

8.5

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

Sales

23.9

34.0

–10.1

32.7

8(+)

34.6

54.7

10.7

Employment

2.5

11.7

–9.2

12.4

2(+)

12.0

78.5

9.5

Part–Time Employment

6.4

15.4

–9.0

0.8

2(+)

10.5

85.4

4.1

Hours Worked

6.2

1.1

+5.1

2.7

2(+)

11.6

83.0

5.4

Wages and Benefits

31.5

33.4

–1.9

27.4

133(+)

33.9

63.7

2.4

Input Prices

36.9

44.0

–7.1

33.2

129(+)

39.1

58.7

2.2

Selling Prices

35.6

40.8

–5.2

29.2

129(+)

37.8

60.0

2.2

Capital Expenditures

17.4

16.3

+1.1

18.3

2(+)

21.7

73.9

4.3

Inventories

4.6

12.3

–7.7

8.4

2(+)

21.4

61.8

16.8

Companywide Retail Activity

Companywide Sales

25.3

27.7

–2.4

31.1

130(+)

31.2

62.9

5.9

Companywide Internet Sales

20.0

26.8

–6.8

21.9

42(+)

25.7

68.6

5.7

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

Company Outlook

14.8

13.9

+0.9

17.3

5(+)

23.0

68.8

8.2

General Business Activity

8.9

14.0

–5.1

13.1

3(+)

20.0

68.9

11.1

*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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