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Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

February 23, 2021

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)
IndicatorFeb IndexJan IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting
No Change		% Reporting Decrease

Revenue

2.6

0.8

+1.8

10.7

7(+)

26.4

49.8

23.8

Employment

2.7

1.6

+1.1

5.9

7(+)

14.1

74.6

11.4

Part–Time Employment

1.3

0.6

+0.7

1.2

3(+)

8.3

84.7

7.0

Hours Worked

3.3

1.6

+1.7

2.2

6(+)

10.9

81.5

7.6

Wages and Benefits

12.5

11.9

+0.6

13.8

9(+)

16.9

78.7

4.4

Input Prices

24.4

22.1

+2.3

24.8

10(+)

27.5

69.4

3.1

Selling Prices

9.4

6.2

+3.2

5.0

7(+)

17.9

73.5

8.5

Capital Expenditures

7.0

4.3

+2.7

9.5

6(+)

14.5

78.0

7.5

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

Company Outlook

2.7

1.0

+1.7

4.8

7(+)

18.3

66.1

15.6

General Business Activity

5.0

–1.2

+6.2

2.7

1(+)

21.1

62.9

16.1

IndicatorFeb IndexJan IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting
No Change		% Reporting Decrease

Outlook Uncertainty†

1.7

6.4

–4.7

12.4

5(+)

17.0

67.7

15.3

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

Revenue

46.3

38.2

+8.1

36.7

10(+)

57.0

32.3

10.7

Employment

28.8

22.0

+6.8

21.6

10(+)

36.4

56.0

7.6

Part–Time Employment

6.3

9.0

–2.7

6.3

9(+)

14.1

78.1

7.8

Hours Worked

6.7

10.8

–4.1

5.5

10(+)

12.3

82.1

5.6

Wages and Benefits

33.5

37.8

–4.3

35.6

10(+)

38.5

56.4

5.0

Input Prices

36.2

37.6

–1.4

43.3

170(+)

39.9

56.4

3.7

Selling Prices

23.8

24.4

–0.6

22.7

10(+)

30.8

62.2

7.0

Capital Expenditures

26.0

23.4

+2.6

23.0

9(+)

31.1

63.8

5.1

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

Company Outlook

26.9

23.2

+3.7

16.1

7(+)

39.0

48.8

12.1

General Business Activity

27.7

23.2

+4.5

13.0

7(+)

37.5

52.7

9.8

Texas Retail Outlook Survey

Texas Retail Outlook Survey

February 23, 2021

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)
IndicatorFeb IndexJan IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting
No Change		% Reporting Decrease
Retail Activity in Texas

Sales

–0.1

–1.0

+0.9

5.6

2(–)

23.9

52.1

24.0

Employment

–2.0

1.5

–3.5

1.7

1(–)

8.2

81.6

10.2

Part–Time Employment

–2.2

1.7

–3.9

–2.1

1(–)

3.7

90.4

5.9

Hours Worked

–10.3

1.7

–12.0

–2.1

1(–)

4.7

80.3

15.0

Wages and Benefits

7.1

5.3

+1.8

9.0

7(+)

17.0

73.1

9.9

Input Prices

32.2

35.1

–2.9

19.0

10(+)

36.6

59.0

4.4

Selling Prices

37.7

19.8

+17.9

10.4

9(+)

44.9

47.9

7.2

Capital Expenditures

9.5

–1.9

+11.4

7.3

1(+)

13.5

82.5

4.0

Inventories

2.1

–2.9

+5.0

2.4

1(+)

26.2

49.8

24.1

Companywide Retail Activity

Companywide Sales

–3.5

8.1

–11.6

6.9

1(–)

23.9

48.7

27.4

Companywide Internet Sales

–3.9

1.8

–5.7

6.0

1(–)

17.8

60.5

21.7

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

Company Outlook

–6.8

–1.9

–4.9

3.2

3(–)

8.4

76.4

15.2

General Business Activity

–3.5

–0.4

–3.1

–1.0

4(–)

14.6

67.3

18.1

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

Outlook Uncertainty†

4.3

3.9

+0.4

9.8

2(+)

12.8

78.7

8.5

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

Sales

37.6

29.3

+8.3

31.9

10(+)

51.7

34.2

14.1

Employment

16.5

15.2

+1.3

11.9

10(+)

24.5

67.5

8.0

Part–Time Employment

8.9

11.1

–2.2

0.7

7(+)

16.8

75.3

7.9

Hours Worked

0.5

1.1

–0.6

2.6

10(+)

10.0

80.5

9.5

Wages and Benefits

35.6

37.8

–2.2

27.1

10(+)

40.4

54.8

4.8

Input Prices

44.5

36.0

+8.5

32.7

10(+)

46.7

51.1

2.2

Selling Prices

40.0

24.0

+16.0

28.7

10(+)

44.4

51.1

4.4

Capital Expenditures

20.0

26.0

–6.0

16.9

9(+)

26.7

66.7

6.7

Inventories

36.0

34.0

+2.0

8.8

10(+)

46.0

44.0

10.0

Companywide Retail Activity

Companywide Sales

34.4

31.3

+3.1

30.4

10(+)

49.9

34.7

15.5

Companywide Internet Sales

33.3

39.5

–6.2

21.9

11(+)

44.4

44.4

11.1

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

Company Outlook

38.7

25.2

+13.5

16.9

10(+)

49.0

40.7

10.3

General Business Activity

30.6

20.8

+9.8

12.7

7(+)

41.2

48.3

10.6

*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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