Texas Service Sector Outlook Survey
September 1, 2020
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 1.5 | –8.5 | +10.0 | 10.8 | 1(+) | 29.6 | 42.2 | 28.1 |
Employment | –0.3 | –6.8 | +6.5 | 6.0 | 6(–) | 13.3 | 73.0 | 13.6 |
Part–Time Employment | 0.1 | –11.5 | +11.6 | 1.2 | 1(+) | 9.0 | 82.1 | 8.9 |
Hours Worked | –1.0 | –3.7 | +2.7 | 2.2 | 6(–) | 9.8 | 79.4 | 10.8 |
Wages and Benefits | 4.9 | 0.4 | +4.5 | 13.9 | 3(+) | 14.2 | 76.5 | 9.3 |
Input Prices | 22.2 | 17.8 | +4.4 | 24.9 | 4(+) | 27.3 | 67.6 | 5.1 |
Selling Prices | 4.4 | –5.9 | +10.3 | 5.0 | 1(+) | 14.9 | 74.6 | 10.5 |
Capital Expenditures | –0.5 | –7.9 | +7.4 | 9.7 | 6(–) | 14.5 | 70.4 | 15.0 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 5.6 | –15.8 | +21.4 | 4.8 | 1(+) | 22.3 | 60.9 | 16.7 |
General Business Activity | 4.7 | –26.7 | +31.4 | 2.5 | 1(+) | 24.9 | 54.9 | 20.2 |
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 5.7 | 29.4 | –23.7 | 13.6 | 31(+) | 20.9 | 63.9 | 15.2 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 35.5 | 17.9 | +17.6 | 36.7 | 4(+) | 52.9 | 29.7 | 17.4 |
Employment | 21.9 | 5.1 | +16.8 | 21.5 | 4(+) | 33.6 | 54.7 | 11.7 |
Part–Time Employment | 1.8 | 0.0 | +1.8 | 6.3 | 1(+) | 13.5 | 74.8 | 11.7 |
Hours Worked | 7.2 | 7.6 | –0.4 | 5.3 | 4(+) | 15.2 | 76.8 | 8.0 |
Wages and Benefits | 23.8 | 19.1 | +4.7 | 35.7 | 4(+) | 31.6 | 60.6 | 7.8 |
Input Prices | 32.0 | 27.8 | +4.2 | 43.5 | 164(+) | 39.0 | 54.0 | 7.0 |
Selling Prices | 13.8 | 5.9 | +7.9 | 22.7 | 4(+) | 26.0 | 61.8 | 12.2 |
Capital Expenditures | 17.3 | 1.8 | +15.5 | 23.1 | 3(+) | 29.6 | 58.1 | 12.3 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 21.9 | –3.1 | +25.0 | 15.9 | 1(+) | 37.5 | 46.9 | 15.6 |
General Business Activity | 19.2 | –9.2 | +28.4 | 12.6 | 1(+) | 36.9 | 45.4 | 17.7 |
Texas Retail Outlook Survey
September 1, 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) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Retail Activity in Texas | ||||||||
Sales | –9.9 | –26.7 | +16.8 | 5.6 | 2(–) | 25.5 | 39.0 | 35.4 |
Employment | 1.4 | –10.7 | +12.1 | 1.7 | 1(+) | 9.6 | 82.2 | 8.2 |
Part–Time Employment | –1.9 | –15.4 | +13.5 | –2.2 | 6(–) | 9.4 | 79.2 | 11.3 |
Hours Worked | –13.9 | –7.8 | –6.1 | –2.1 | 7(–) | 1.2 | 83.7 | 15.1 |
Wages and Benefits | 0.9 | –5.3 | +6.2 | 9.1 | 1(+) | 11.8 | 77.3 | 10.9 |
Input Prices | 16.0 | 17.1 | –1.1 | 18.6 | 4(+) | 24.6 | 66.8 | 8.6 |
Selling Prices | 14.3 | 2.0 | +12.3 | 9.9 | 3(+) | 26.8 | 60.7 | 12.5 |
Capital Expenditures | –2.8 | –6.2 | +3.4 | 7.6 | 6(–) | 11.2 | 74.8 | 14.0 |
Inventories | –8.7 | –21.3 | +12.6 | 2.5 | 7(–) | 24.3 | 42.7 | 33.0 |
Companywide Retail Activity | ||||||||
Companywide Sales | –4.5 | –21.7 | +17.2 | 7.0 | 2(–) | 30.5 | 34.6 | 35.0 |
Companywide Internet Sales | 0.4 | –10.5 | +10.9 | 6.2 | 1(+) | 21.7 | 57.0 | 21.3 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 9.6 | –6.8 | +16.4 | 3.2 | 1(+) | 24.6 | 60.4 | 15.0 |
General Business Activity | 4.2 | –23.7 | +27.9 | –1.1 | 1(+) | 26.1 | 52.0 | 21.9 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 7.2 | 13.7 | –6.5 | 10.9 | 2(+) | 17.9 | 71.4 | 10.7 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Retail Activity in Texas | ||||||||
Sales | 34.9 | 32.3 | +2.6 | 31.9 | 4(+) | 48.8 | 37.3 | 13.9 |
Employment | 19.5 | 2.3 | +17.2 | 11.7 | 4(+) | 27.2 | 65.1 | 7.7 |
Part–Time Employment | –0.4 | –8.0 | +7.6 | 0.5 | 2(–) | 11.4 | 76.8 | 11.8 |
Hours Worked | 1.9 | 5.0 | –3.1 | 2.6 | 4(+) | 9.3 | 83.3 | 7.4 |
Wages and Benefits | 18.3 | 21.1 | –2.8 | 26.8 | 4(+) | 24.5 | 69.3 | 6.2 |
Input Prices | 20.7 | 27.4 | –6.7 | 32.4 | 4(+) | 35.8 | 49.1 | 15.1 |
Selling Prices | 21.2 | 19.6 | +1.6 | 28.5 | 4(+) | 38.5 | 44.2 | 17.3 |
Capital Expenditures | 13.4 | 2.0 | +11.4 | 16.8 | 3(+) | 28.8 | 55.8 | 15.4 |
Inventories | 26.3 | 11.1 | +15.2 | 8.1 | 4(+) | 41.4 | 43.6 | 15.1 |
Companywide Retail Activity | ||||||||
Companywide Sales | 38.9 | 23.7 | +15.2 | 30.4 | 4(+) | 51.3 | 36.3 | 12.4 |
Companywide Internet Sales | 25.0 | 7.5 | +17.5 | 21.7 | 5(+) | 35.0 | 55.0 | 10.0 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Aug Index | Jul Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 28.6 | 5.2 | +23.4 | 16.6 | 4(+) | 39.6 | 49.4 | 11.0 |
General Business Activity | 28.1 | –3.4 | +31.5 | 12.3 | 1(+) | 39.6 | 48.8 | 11.5 |
*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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