Texas Service Sector Outlook Survey
December 29, 2020
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 4.2 | –0.7 | +4.9 | 10.7 | 1(+) | 27.8 | 48.7 | 23.6 |
Employment | 5.1 | 0.9 | +4.2 | 5.9 | 4(+) | 14.6 | 75.9 | 9.5 |
Part–Time Employment | 1.7 | –0.4 | +2.1 | 1.2 | 1(+) | 7.1 | 87.5 | 5.4 |
Hours Worked | 2.1 | 2.6 | –0.5 | 2.2 | 4(+) | 8.8 | 84.5 | 6.7 |
Wages and Benefits | 8.6 | 11.2 | –2.6 | 13.8 | 7(+) | 12.3 | 84.0 | 3.7 |
Input Prices | 21.8 | 20.7 | +1.1 | 24.8 | 8(+) | 25.5 | 70.8 | 3.7 |
Selling Prices | 5.3 | 3.3 | +2.0 | 4.9 | 5(+) | 15.0 | 75.3 | 9.7 |
Capital Expenditures | 2.2 | 2.4 | –0.2 | 9.6 | 4(+) | 11.5 | 79.2 | 9.3 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 0.7 | –0.8 | +1.5 | 4.8 | 1(+) | 18.1 | 64.5 | 17.4 |
General Business Activity | –4.3 | –2.6 | –1.7 | 2.6 | 2(–) | 17.8 | 60.1 | 22.1 |
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 5.2 | 17.4 | –12.2 | 12.8 | 3(+) | 20.0 | 65.3 | 14.8 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 42.3 | 34.4 | +7.9 | 36.6 | 8(+) | 56.1 | 30.1 | 13.8 |
Employment | 31.7 | 22.8 | +8.9 | 21.5 | 8(+) | 40.3 | 51.1 | 8.6 |
Part–Time Employment | 8.6 | 6.8 | +1.8 | 6.3 | 5(+) | 13.9 | 80.8 | 5.3 |
Hours Worked | 12.5 | 6.9 | +5.6 | 5.4 | 8(+) | 17.8 | 76.9 | 5.3 |
Wages and Benefits | 33.2 | 29.7 | +3.5 | 35.5 | 8(+) | 37.4 | 58.4 | 4.2 |
Input Prices | 41.1 | 33.9 | +7.2 | 43.3 | 168(+) | 45.2 | 50.7 | 4.1 |
Selling Prices | 27.9 | 20.4 | +7.5 | 22.6 | 8(+) | 35.4 | 57.1 | 7.5 |
Capital Expenditures | 24.3 | 14.4 | +9.9 | 22.9 | 7(+) | 32.8 | 58.7 | 8.5 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 22.5 | 16.2 | +6.3 | 16.0 | 5(+) | 35.1 | 52.3 | 12.6 |
General Business Activity | 23.8 | 16.1 | +7.7 | 12.7 | 5(+) | 38.1 | 47.6 | 14.3 |
Texas Retail Outlook Survey
December 29, 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 | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Retail Activity in Texas | ||||||||
Sales | 0.8 | –6.5 | +7.3 | 5.5 | 1(+) | 27.7 | 45.3 | 26.9 |
Employment | 0.3 | –2.4 | +2.7 | 1.7 | 1(+) | 9.1 | 82.1 | 8.8 |
Part–Time Employment | 3.9 | –2.0 | +5.9 | –2.1 | 1(+) | 7.8 | 88.2 | 3.9 |
Hours Worked | –4.0 | –2.1 | –1.9 | –2.1 | 3(–) | 6.6 | 82.8 | 10.6 |
Wages and Benefits | 6.5 | 6.6 | –0.1 | 9.1 | 5(+) | 10.6 | 85.3 | 4.1 |
Input Prices | 35.4 | 20.3 | +15.1 | 18.8 | 8(+) | 37.0 | 61.4 | 1.6 |
Selling Prices | 20.3 | 13.9 | +6.4 | 10.1 | 7(+) | 25.5 | 69.3 | 5.2 |
Capital Expenditures | 0.7 | 4.0 | –3.3 | 7.3 | 2(+) | 9.0 | 82.7 | 8.3 |
Inventories | –0.1 | 3.0 | –3.1 | 2.4 | 1(–) | 21.3 | 57.3 | 21.4 |
Companywide Retail Activity | ||||||||
Companywide Sales | 4.7 | –9.6 | +14.3 | 6.9 | 1(+) | 26.6 | 51.5 | 21.9 |
Companywide Internet Sales | 7.0 | –5.4 | +12.4 | 6.1 | 1(+) | 18.7 | 69.6 | 11.7 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –2.1 | –0.1 | –2.0 | 3.2 | 2(–) | 15.1 | 67.7 | 17.2 |
General Business Activity | –14.6 | –4.2 | –10.4 | –1.1 | 2(–) | 12.9 | 59.6 | 27.5 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 0.0 | 18.4 | –18.4 | 10.1 | 1() | 11.8 | 76.5 | 11.8 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Retail Activity in Texas | ||||||||
Sales | 31.8 | 29.0 | +2.8 | 31.9 | 8(+) | 50.1 | 31.6 | 18.3 |
Employment | 21.5 | 16.9 | +4.6 | 11.9 | 8(+) | 31.5 | 58.5 | 10.0 |
Part–Time Employment | –0.8 | 5.9 | –6.7 | 0.6 | 1(–) | 8.4 | 82.4 | 9.2 |
Hours Worked | 1.8 | 2.4 | –0.6 | 2.7 | 8(+) | 12.3 | 77.2 | 10.5 |
Wages and Benefits | 32.2 | 26.7 | +5.5 | 26.9 | 8(+) | 37.3 | 57.7 | 5.1 |
Input Prices | 53.0 | 42.9 | +10.1 | 32.6 | 8(+) | 56.9 | 39.2 | 3.9 |
Selling Prices | 47.0 | 38.8 | +8.2 | 28.7 | 8(+) | 52.9 | 41.2 | 5.9 |
Capital Expenditures | 20.0 | 14.3 | +5.7 | 16.8 | 7(+) | 30.0 | 60.0 | 10.0 |
Inventories | 12.0 | 21.9 | –9.9 | 8.4 | 8(+) | 32.1 | 47.7 | 20.1 |
Companywide Retail Activity | ||||||||
Companywide Sales | 29.4 | 23.3 | +6.1 | 30.3 | 8(+) | 42.3 | 44.9 | 12.9 |
Companywide Internet Sales | 33.3 | 18.4 | +14.9 | 21.7 | 9(+) | 39.4 | 54.5 | 6.1 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 24.3 | 17.5 | +6.8 | 16.7 | 8(+) | 33.8 | 56.7 | 9.5 |
General Business Activity | 20.5 | 19.0 | +1.5 | 12.5 | 5(+) | 36.3 | 47.9 | 15.8 |
*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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