Texas Service Sector Outlook Survey
December 1, 2020
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | –0.7 | 7.1 | –7.8 | 10.7 | 1(–) | 27.0 | 45.3 | 27.7 |
Employment | 0.9 | 0.6 | +0.3 | 5.9 | 3(+) | 13.5 | 73.9 | 12.6 |
Part–Time Employment | –0.4 | –1.6 | +1.2 | 1.2 | 2(–) | 6.5 | 86.6 | 6.9 |
Hours Worked | 2.6 | 5.5 | –2.9 | 2.2 | 3(+) | 10.2 | 82.2 | 7.6 |
Wages and Benefits | 11.2 | 8.6 | +2.6 | 13.8 | 6(+) | 16.4 | 78.4 | 5.2 |
Input Prices | 20.7 | 18.4 | +2.3 | 24.8 | 7(+) | 26.5 | 67.7 | 5.8 |
Selling Prices | 3.3 | 4.1 | –0.8 | 4.9 | 4(+) | 13.9 | 75.5 | 10.6 |
Capital Expenditures | 2.4 | 2.3 | +0.1 | 9.6 | 3(+) | 14.6 | 73.2 | 12.2 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –0.8 | 7.8 | –8.6 | 4.8 | 1(–) | 17.6 | 64.0 | 18.4 |
General Business Activity | –2.6 | 13.2 | –15.8 | 2.6 | 1(–) | 19.6 | 58.2 | 22.2 |
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 17.4 | 5.8 | +11.6 | 13.1 | 2(+) | 29.8 | 57.8 | 12.4 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 34.4 | 36.3 | –1.9 | 36.6 | 7(+) | 51.0 | 32.4 | 16.6 |
Employment | 22.8 | 19.4 | +3.4 | 21.5 | 7(+) | 33.7 | 55.4 | 10.9 |
Part–Time Employment | 6.8 | 5.3 | +1.5 | 6.3 | 4(+) | 14.8 | 77.2 | 8.0 |
Hours Worked | 6.9 | 9.1 | –2.2 | 5.4 | 7(+) | 14.6 | 77.7 | 7.7 |
Wages and Benefits | 29.7 | 28.3 | +1.4 | 35.5 | 7(+) | 35.4 | 58.9 | 5.7 |
Input Prices | 33.9 | 32.1 | +1.8 | 43.3 | 167(+) | 40.1 | 53.7 | 6.2 |
Selling Prices | 20.4 | 19.1 | +1.3 | 22.6 | 7(+) | 29.7 | 61.0 | 9.3 |
Capital Expenditures | 14.4 | 13.3 | +1.1 | 22.9 | 6(+) | 26.6 | 61.2 | 12.2 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 16.2 | 17.6 | –1.4 | 15.9 | 4(+) | 32.2 | 51.8 | 16.0 |
General Business Activity | 16.1 | 20.1 | –4.0 | 12.7 | 4(+) | 34.7 | 46.6 | 18.6 |
Texas Retail Outlook Survey
December 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 | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Retail Activity in Texas | ||||||||
Sales | –6.5 | 5.2 | –11.7 | 5.6 | 1(–) | 26.8 | 39.9 | 33.3 |
Employment | –2.4 | –2.1 | –0.3 | 1.7 | 2(–) | 9.0 | 79.6 | 11.4 |
Part–Time Employment | –2.0 | –4.0 | +2.0 | –2.2 | 2(–) | 6.0 | 86.0 | 8.0 |
Hours Worked | –2.1 | –4.8 | +2.7 | –2.1 | 2(–) | 9.7 | 78.5 | 11.8 |
Wages and Benefits | 6.6 | 11.4 | –4.8 | 9.1 | 4(+) | 15.7 | 75.2 | 9.1 |
Input Prices | 20.3 | 18.7 | +1.6 | 18.7 | 7(+) | 29.2 | 61.9 | 8.9 |
Selling Prices | 13.9 | 19.0 | –5.1 | 10.0 | 6(+) | 31.1 | 51.7 | 17.2 |
Capital Expenditures | 4.0 | –2.2 | +6.2 | 7.4 | 1(+) | 10.1 | 83.8 | 6.1 |
Inventories | 3.0 | 1.9 | +1.1 | 2.4 | 2(+) | 32.2 | 38.5 | 29.2 |
Companywide Retail Activity | ||||||||
Companywide Sales | –9.6 | 4.9 | –14.5 | 6.9 | 1(–) | 25.0 | 40.4 | 34.6 |
Companywide Internet Sales | –5.4 | 3.4 | –8.8 | 6.1 | 1(–) | 13.9 | 66.8 | 19.3 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –0.1 | 14.8 | –14.9 | 3.3 | 1(–) | 18.8 | 62.3 | 18.9 |
General Business Activity | –4.2 | 14.6 | –18.8 | –1.0 | 1(–) | 22.1 | 51.6 | 26.3 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 18.4 | –2.0 | +20.4 | 10.4 | 1(+) | 28.6 | 61.2 | 10.2 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Retail Activity in Texas | ||||||||
Sales | 29.0 | 26.1 | +2.9 | 31.9 | 7(+) | 44.5 | 40.0 | 15.5 |
Employment | 16.9 | 11.9 | +5.0 | 11.8 | 7(+) | 26.9 | 63.1 | 10.0 |
Part–Time Employment | 5.9 | 7.6 | –1.7 | 0.6 | 3(+) | 14.9 | 76.1 | 9.0 |
Hours Worked | 2.4 | 11.1 | –8.7 | 2.7 | 7(+) | 12.5 | 77.4 | 10.1 |
Wages and Benefits | 26.7 | 27.6 | –0.9 | 26.8 | 7(+) | 34.5 | 57.7 | 7.8 |
Input Prices | 42.9 | 28.0 | +14.9 | 32.4 | 7(+) | 49.0 | 44.9 | 6.1 |
Selling Prices | 38.8 | 26.0 | +12.8 | 28.6 | 7(+) | 49.0 | 40.8 | 10.2 |
Capital Expenditures | 14.3 | 14.0 | +0.3 | 16.8 | 6(+) | 20.4 | 73.5 | 6.1 |
Inventories | 21.9 | 16.8 | +5.1 | 8.3 | 7(+) | 39.7 | 42.6 | 17.8 |
Companywide Retail Activity | ||||||||
Companywide Sales | 23.3 | 22.6 | +0.7 | 30.3 | 7(+) | 38.0 | 47.3 | 14.7 |
Companywide Internet Sales | 18.4 | 9.8 | +8.6 | 21.7 | 8(+) | 31.6 | 55.3 | 13.2 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 17.5 | 17.7 | –0.2 | 16.7 | 7(+) | 33.9 | 49.7 | 16.4 |
General Business Activity | 19.0 | 21.4 | –2.4 | 12.5 | 4(+) | 39.0 | 41.0 | 20.0 |
*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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