Texas Service Sector Outlook Survey
June 30, 2020
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 5.7 | –28.1 | +33.8 | 11.0 | 1(+) | 35.7 | 34.2 | 30.0 |
Employment | –1.9 | –10.4 | +8.5 | 6.1 | 4(–) | 13.3 | 71.5 | 15.2 |
Part–Time Employment | –5.2 | –14.5 | +9.3 | 1.3 | 4(–) | 6.5 | 81.8 | 11.7 |
Hours Worked | –0.2 | –9.4 | +9.2 | 2.2 | 4(–) | 16.9 | 66.0 | 17.1 |
Wages and Benefits | 7.8 | –7.2 | +15.0 | 14.1 | 1(+) | 16.7 | 74.4 | 8.9 |
Input Prices | 17.5 | 9.9 | +7.6 | 25.0 | 2(+) | 25.2 | 67.1 | 7.7 |
Selling Prices | –2.2 | –19.7 | +17.5 | 5.0 | 4(–) | 13.4 | 71.0 | 15.6 |
Capital Expenditures | –5.6 | –23.2 | +17.6 | 9.9 | 4(–) | 12.8 | 68.8 | 18.4 |
General Business Conditions Current (versus previous month) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 2.2 | –30.2 | +32.4 | 4.9 | 1(+) | 26.2 | 49.8 | 24.0 |
General Business Activity | 2.1 | –41.7 | +43.8 | 2.7 | 1(+) | 31.3 | 39.5 | 29.2 |
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 5.9 | 26.2 | –20.3 | 13.3 | 29(+) | 26.8 | 52.3 | 20.9 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 34.1 | 6.6 | +27.5 | 36.8 | 2(+) | 55.0 | 24.1 | 20.9 |
Employment | 11.4 | 4.5 | +6.9 | 21.6 | 2(+) | 29.2 | 53.0 | 17.8 |
Part–Time Employment | 1.1 | –8.0 | +9.1 | 6.3 | 1(+) | 14.6 | 71.9 | 13.5 |
Hours Worked | 13.1 | 12.9 | +0.2 | 5.3 | 2(+) | 21.7 | 69.7 | 8.6 |
Wages and Benefits | 19.1 | 13.9 | +5.2 | 35.9 | 2(+) | 30.0 | 59.1 | 10.9 |
Input Prices | 27.4 | 24.1 | +3.3 | 43.7 | 162(+) | 33.8 | 59.8 | 6.4 |
Selling Prices | 10.2 | 1.2 | +9.0 | 22.8 | 2(+) | 23.8 | 62.6 | 13.6 |
Capital Expenditures | 4.6 | –8.3 | +12.9 | 23.3 | 1(+) | 22.4 | 59.8 | 17.8 |
General Business Conditions Future (six months ahead) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 6.2 | –5.9 | +12.1 | 16.0 | 1(+) | 31.2 | 43.7 | 25.0 |
General Business Activity | 6.8 | –11.1 | +17.9 | 12.7 | 1(+) | 34.3 | 38.2 | 27.5 |
Texas Retail Outlook Survey
Business Indicators Relating to Facilities and Products in Texas Retail (versus previous month) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Retail Activity in Texas | ||||||||
Sales | 33.0 | –6.2 | +39.2 | 5.9 | 1(+) | 56.0 | 21.0 | 23.0 |
Employment | –5.0 | –7.2 | +2.2 | 1.8 | 4(–) | 11.2 | 72.6 | 16.2 |
Part–Time Employment | –3.8 | –12.9 | +9.1 | –2.1 | 4(–) | 9.4 | 77.4 | 13.2 |
Hours Worked | –6.2 | –15.5 | +9.3 | –2.0 | 5(–) | 15.5 | 62.8 | 21.7 |
Wages and Benefits | 2.8 | –21.4 | +24.2 | 9.3 | 1(+) | 10.8 | 81.2 | 8.0 |
Input Prices | 27.9 | 3.2 | +24.7 | 18.7 | 2(+) | 32.4 | 63.1 | 4.5 |
Selling Prices | 17.2 | –9.1 | +26.3 | 9.9 | 1(+) | 31.5 | 54.2 | 14.3 |
Capital Expenditures | –2.4 | –27.6 | +25.2 | 7.8 | 4(–) | 10.1 | 77.4 | 12.5 |
Inventories | –34.3 | –41.8 | +7.5 | 2.7 | 5(–) | 20.9 | 23.9 | 55.2 |
Companywide Retail Activity | ||||||||
Companywide Sales | 28.8 | –23.7 | +52.5 | 7.3 | 1(+) | 53.5 | 21.8 | 24.7 |
Companywide Internet Sales | 11.9 | –13.1 | +25.0 | 6.3 | 1(+) | 24.4 | 63.1 | 12.5 |
General Business Conditions, Retail Current (versus previous month) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 16.5 | –12.8 | +29.3 | 3.2 | 1(+) | 34.7 | 47.1 | 18.2 |
General Business Activity | 29.6 | –17.9 | +47.5 | –1.0 | 1(+) | 48.2 | 33.2 | 18.6 |
Outlook Uncertainty Current (versus previous month) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | –9.6 | 5.4 | –15.0 | 10.9 | 1(–) | 15.4 | 59.6 | 25.0 |
Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Retail Activity in Texas | ||||||||
Sales | 39.8 | 33.1 | +6.7 | 31.8 | 2(+) | 53.8 | 32.2 | 14.0 |
Employment | 7.6 | 4.6 | +3.0 | 11.7 | 2(+) | 25.7 | 56.3 | 18.1 |
Part–Time Employment | 6.4 | –2.1 | +8.5 | 0.5 | 1(+) | 21.2 | 64.0 | 14.8 |
Hours Worked | 5.3 | 15.8 | –10.5 | 2.6 | 2(+) | 17.6 | 70.1 | 12.3 |
Wages and Benefits | 7.0 | 20.3 | –13.3 | 26.9 | 2(+) | 20.9 | 65.2 | 13.9 |
Input Prices | 23.5 | 21.8 | +1.7 | 32.5 | 2(+) | 29.4 | 64.7 | 5.9 |
Selling Prices | 17.3 | 24.5 | –7.2 | 28.6 | 2(+) | 26.9 | 63.5 | 9.6 |
Capital Expenditures | 1.9 | –5.5 | +7.4 | 17.0 | 1(+) | 15.4 | 71.2 | 13.5 |
Inventories | 25.8 | 5.3 | +20.5 | 7.9 | 2(+) | 42.6 | 40.7 | 16.8 |
Companywide Retail Activity | ||||||||
Companywide Sales | 38.6 | 19.8 | +18.8 | 30.4 | 2(+) | 54.4 | 29.8 | 15.8 |
Companywide Internet Sales | 31.5 | 28.6 | +2.9 | 21.7 | 3(+) | 42.9 | 45.7 | 11.4 |
General Business Conditions, Retail Future (six months ahead) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 19.3 | 29.9 | –10.6 | 16.6 | 2(+) | 34.3 | 50.7 | 15.0 |
General Business Activity | 12.7 | 24.3 | –11.6 | 12.3 | 2(+) | 34.6 | 43.5 | 21.9 |
*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.
Sign up for our email alert to be automatically notified as soon as the latest Texas Service Sector Outlook Survey is released on the web.