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Texas Service Sector Outlook Survey

October 27, 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)
IndicatorOct IndexSep IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting
No Change		% Reporting Decrease

Revenue

7.1

14.0

–6.9

10.8

3(+)

26.2

54.7

19.1

Employment

0.6

2.7

–2.1

5.9

2(+)

11.5

77.6

10.9

Part–Time Employment

–1.6

3.7

–5.3

1.2

1(–)

4.9

88.6

6.5

Hours Worked

5.5

6.6

–1.1

2.2

2(+)

11.0

83.5

5.5

Wages and Benefits

8.6

7.1

+1.5

13.9

5(+)

14.5

79.6

5.9

Input Prices

18.4

19.4

–1.0

24.8

6(+)

22.7

73.0

4.3

Selling Prices

4.1

2.2

+1.9

5.0

3(+)

13.3

77.5

9.2

Capital Expenditures

2.3

4.9

–2.6

9.7

2(+)

12.7

76.9

10.4

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

Company Outlook

7.8

9.7

–1.9

4.9

3(+)

20.8

66.2

13.0

General Business Activity

13.2

11.5

+1.7

2.7

3(+)

24.9

63.3

11.7

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

Outlook Uncertainty†

5.8

0.0

+5.8

12.9

1(+)

19.8

66.3

14.0

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

Revenue

36.3

31.9

+4.4

36.6

6(+)

52.4

31.5

16.1

Employment

19.4

19.5

–0.1

21.5

6(+)

32.4

54.6

13.0

Part–Time Employment

5.3

4.8

+0.5

6.3

3(+)

15.0

75.3

9.7

Hours Worked

9.1

9.0

+0.1

5.4

6(+)

15.5

78.1

6.4

Wages and Benefits

28.3

27.2

+1.1

35.6

6(+)

34.6

59.1

6.3

Input Prices

32.1

30.2

+1.9

43.4

166(+)

38.5

55.1

6.4

Selling Prices

19.1

14.5

+4.6

22.6

6(+)

28.4

62.3

9.3

Capital Expenditures

13.3

11.5

+1.8

23.0

5(+)

25.6

62.0

12.3

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

Company Outlook

17.6

20.8

–3.2

15.9

3(+)

31.5

54.6

13.9

General Business Activity

20.1

18.9

+1.2

12.7

3(+)

33.7

52.7

13.6

Texas Retail Outlook Survey

October 27, 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)
IndicatorOct IndexSep IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting
No Change		% Reporting Decrease
Retail Activity in Texas

Sales

5.2

20.8

–15.6

5.7

2(+)

23.7

57.7

18.5

Employment

–2.1

2.3

–4.4

1.7

1(–)

7.9

82.1

10.0

Part–Time Employment

–4.0

1.7

–5.7

–2.2

1(–)

6.0

84.0

10.0

Hours Worked

–4.8

3.1

–7.9

–2.1

1(–)

9.4

76.4

14.2

Wages and Benefits

11.4

7.3

+4.1

9.1

3(+)

15.6

80.2

4.2

Input Prices

18.7

26.3

–7.6

18.7

6(+)

24.6

69.5

5.9

Selling Prices

19.0

22.6

–3.6

10.0

5(+)

24.9

69.2

5.9

Capital Expenditures

–2.2

–2.8

+0.6

7.4

8(–)

6.5

84.8

8.7

Inventories

1.9

–4.1

+6.0

2.4

1(+)

28.2

45.4

26.3

Companywide Retail Activity

Companywide Sales

4.9

6.6

–1.7

7.0

2(+)

21.3

62.3

16.4

Companywide Internet Sales

3.4

6.3

–2.9

6.2

3(+)

14.6

74.2

11.2

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

Company Outlook

14.8

8.9

+5.9

3.3

3(+)

24.5

65.8

9.7

General Business Activity

14.6

10.3

+4.3

–1.0

3(+)

24.3

66.0

9.7

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

Outlook Uncertainty†

–2.0

0.0

–2.0

10.2

1(–)

17.6

62.7

19.6

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

Sales

26.1

42.7

–16.6

31.9

6(+)

48.5

29.0

22.4

Employment

11.9

18.6

–6.7

11.8

6(+)

25.6

60.7

13.7

Part–Time Employment

7.6

5.0

+2.6

0.6

2(+)

20.0

67.6

12.4

Hours Worked

11.1

7.3

+3.8

2.7

6(+)

20.0

71.1

8.9

Wages and Benefits

27.6

24.8

+2.8

26.8

6(+)

35.2

57.2

7.6

Input Prices

28.0

32.7

–4.7

32.4

6(+)

46.0

36.0

18.0

Selling Prices

26.0

34.0

–8.0

28.5

6(+)

48.0

30.0

22.0

Capital Expenditures

14.0

21.8

–7.8

16.8

5(+)

24.0

66.0

10.0

Inventories

16.8

33.5

–16.7

8.3

6(+)

37.9

41.1

21.1

Companywide Retail Activity

Companywide Sales

22.6

38.0

–15.4

30.4

6(+)

42.9

36.8

20.3

Companywide Internet Sales

9.8

36.4

–26.6

21.7

7(+)

24.4

61.0

14.6

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

Company Outlook

17.7

27.3

–9.6

16.7

6(+)

32.7

52.3

15.0

General Business Activity

21.4

24.8

–3.4

12.4

3(+)

36.4

48.6

15.0

*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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