Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 0.8 | 5.5 | –4.7 | 10.7 | 6(+) | 24.5 | 51.9 | 23.7 |
Employment | 1.6 | 5.7 | –4.1 | 5.9 | 6(+) | 10.7 | 80.2 | 9.1 |
Part–Time Employment | 0.6 | 0.9 | –0.3 | 1.2 | 2(+) | 5.9 | 88.7 | 5.3 |
Hours Worked | 1.6 | 1.8 | –0.2 | 2.2 | 5(+) | 9.5 | 82.6 | 7.9 |
Wages and Benefits | 11.9 | 8.9 | +3.0 | 13.8 | 8(+) | 15.6 | 80.7 | 3.7 |
Input Prices | 22.1 | 22.2 | –0.1 | 24.8 | 9(+) | 24.9 | 72.3 | 2.8 |
Selling Prices | 6.2 | 6.6 | –0.4 | 5.0 | 6(+) | 15.4 | 75.3 | 9.2 |
Capital Expenditures | 4.3 | 3.0 | +1.3 | 9.6 | 5(+) | 13.5 | 77.3 | 9.2 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 1.0 | 2.3 | –1.3 | 4.9 | 6(+) | 17.6 | 65.8 | 16.6 |
General Business Activity | –1.2 | –2.1 | +0.9 | 2.7 | 3(–) | 17.3 | 64.2 | 18.5 |
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 6.4 | 5.2 | +1.2 | 12.7 | 4(+) | 20.6 | 65.2 | 14.2 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 38.2 | 42.1 | –3.9 | 36.7 | 9(+) | 51.6 | 35.0 | 13.4 |
Employment | 22.0 | 32.1 | –10.1 | 21.6 | 9(+) | 33.9 | 54.2 | 11.9 |
Part–Time Employment | 9.0 | 8.9 | +0.1 | 6.3 | 8(+) | 12.7 | 83.6 | 3.7 |
Hours Worked | 10.8 | 12.4 | –1.6 | 5.5 | 9(+) | 13.8 | 83.2 | 3.0 |
Wages and Benefits | 37.8 | 34.1 | +3.7 | 35.6 | 9(+) | 40.4 | 56.9 | 2.6 |
Input Prices | 37.6 | 38.5 | –0.9 | 43.3 | 169(+) | 42.6 | 52.3 | 5.0 |
Selling Prices | 24.4 | 28.8 | –4.4 | 22.7 | 9(+) | 31.6 | 61.2 | 7.2 |
Capital Expenditures | 23.4 | 24.3 | –0.9 | 22.9 | 8(+) | 29.7 | 64.0 | 6.3 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 23.2 | 23.3 | –0.1 | 16.1 | 6(+) | 34.0 | 55.1 | 10.8 |
General Business Activity | 23.2 | 25.2 | –2.0 | 12.9 | 6(+) | 34.0 | 55.2 | 10.8 |
Texas Retail Outlook Survey
Results Table
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 | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | –1.0 | 2.9 | –3.9 | 5.6 | 1(–) | 28.4 | 42.2 | 29.4 |
Employment | 1.5 | 0.8 | +0.7 | 1.7 | 2(+) | 9.1 | 83.3 | 7.6 |
Part–Time Employment | 1.7 | 3.0 | –1.3 | –2.1 | 2(+) | 5.0 | 91.7 | 3.3 |
Hours Worked | 1.7 | –3.1 | +4.8 | –2.1 | 1(+) | 11.4 | 78.9 | 9.7 |
Wages and Benefits | 5.3 | 7.1 | –1.8 | 9.0 | 6(+) | 14.1 | 77.1 | 8.8 |
Input Prices | 35.1 | 36.3 | –1.2 | 18.9 | 9(+) | 35.5 | 64.1 | 0.4 |
Selling Prices | 19.8 | 23.2 | –3.4 | 10.2 | 8(+) | 32.1 | 55.5 | 12.3 |
Capital Expenditures | –1.9 | 1.5 | –3.4 | 7.3 | 1(–) | 8.2 | 81.7 | 10.1 |
Inventories | –2.9 | 1.4 | –4.3 | 2.4 | 1(–) | 22.1 | 53.0 | 25.0 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 8.1 | 7.3 | +0.8 | 7.0 | 2(+) | 30.4 | 47.3 | 22.3 |
Companywide Internet Sales | 1.8 | 7.4 | –5.6 | 6.1 | 2(+) | 20.8 | 60.2 | 19.0 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –1.9 | –1.1 | –0.8 | 3.3 | 2(–) | 13.0 | 72.2 | 14.9 |
General Business Activity | –0.4 | –11.6 | +11.2 | –1.0 | 3(–) | 16.3 | 67.0 | 16.7 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 3.9 | 0.0 | +3.9 | 9.9 | 1(+) | 15.4 | 73.1 | 11.5 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 29.3 | 32.6 | –3.3 | 31.9 | 9(+) | 46.9 | 35.5 | 17.6 |
Employment | 15.2 | 20.2 | –5.0 | 11.8 | 9(+) | 25.4 | 64.5 | 10.2 |
Part–Time Employment | 11.1 | 0.6 | +10.5 | 0.7 | 6(+) | 13.2 | 84.7 | 2.1 |
Hours Worked | 1.1 | 0.6 | +0.5 | 2.6 | 9(+) | 8.4 | 84.3 | 7.3 |
Wages and Benefits | 37.8 | 35.7 | +2.1 | 27.1 | 9(+) | 40.9 | 56.0 | 3.1 |
Input Prices | 36.0 | 53.0 | –17.0 | 32.6 | 9(+) | 42.0 | 52.0 | 6.0 |
Selling Prices | 24.0 | 47.0 | –23.0 | 28.7 | 9(+) | 32.0 | 60.0 | 8.0 |
Capital Expenditures | 26.0 | 20.0 | +6.0 | 16.9 | 8(+) | 30.0 | 66.0 | 4.0 |
Inventories | 34.0 | 14.5 | +19.5 | 8.6 | 9(+) | 46.4 | 41.2 | 12.4 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 31.3 | 31.0 | +0.3 | 30.4 | 9(+) | 44.7 | 42.0 | 13.4 |
Companywide Internet Sales | 39.5 | 33.3 | +6.2 | 21.8 | 10(+) | 47.4 | 44.7 | 7.9 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 25.2 | 24.5 | +0.7 | 16.8 | 9(+) | 36.4 | 52.4 | 11.2 |
General Business Activity | 20.8 | 20.3 | +0.5 | 12.6 | 6(+) | 33.6 | 53.6 | 12.8 |
*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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