Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 21.6 | 2.6 | +19.0 | 10.7 | 8(+) | 37.1 | 47.4 | 15.5 |
Employment | 13.1 | 2.7 | +10.4 | 5.9 | 8(+) | 19.1 | 75.0 | 6.0 |
Part–Time Employment | 4.6 | 1.3 | +3.3 | 1.2 | 4(+) | 9.3 | 86.0 | 4.7 |
Hours Worked | 8.3 | 3.3 | +5.0 | 2.2 | 7(+) | 13.1 | 82.1 | 4.8 |
Wages and Benefits | 19.9 | 12.5 | +7.4 | 13.9 | 10(+) | 22.6 | 74.7 | 2.7 |
Input Prices | 26.5 | 24.4 | +2.1 | 24.8 | 11(+) | 28.3 | 69.9 | 1.8 |
Selling Prices | 12.1 | 9.4 | +2.7 | 5.1 | 8(+) | 18.4 | 75.3 | 6.3 |
Capital Expenditures | 9.4 | 7.0 | +2.4 | 9.5 | 7(+) | 13.6 | 82.2 | 4.2 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 26.1 | 2.7 | +23.4 | 5.0 | 8(+) | 34.2 | 57.7 | 8.1 |
General Business Activity | 28.9 | 5.0 | +23.9 | 2.8 | 2(+) | 36.4 | 56.1 | 7.5 |
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | –10.0 | 1.7 | –11.7 | 11.8 | 1(–) | null | null | null |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 55.0 | 46.3 | +8.7 | 36.8 | 11(+) | 61.4 | 32.2 | 6.4 |
Employment | 35.2 | 28.8 | +6.4 | 21.7 | 11(+) | 40.1 | 55.0 | 4.9 |
Part–Time Employment | 14.3 | 6.3 | +8.0 | 6.4 | 10(+) | 18.8 | 76.7 | 4.5 |
Hours Worked | 14.3 | 6.7 | +7.6 | 5.5 | 11(+) | 17.4 | 79.5 | 3.1 |
Wages and Benefits | 43.8 | 33.5 | +10.3 | 35.6 | 11(+) | 46.2 | 51.4 | 2.4 |
Input Prices | 42.7 | 36.2 | +6.5 | 43.3 | 171(+) | 46.1 | 50.4 | 3.4 |
Selling Prices | 31.1 | 23.8 | +7.3 | 22.7 | 11(+) | 37.1 | 56.9 | 6.0 |
Capital Expenditures | 32.6 | 26.0 | +6.6 | 23.0 | 10(+) | 35.7 | 61.2 | 3.1 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 40.6 | 26.9 | +13.7 | 16.3 | 8(+) | 47.9 | 44.8 | 7.3 |
General Business Activity | 42.4 | 27.7 | +14.7 | 13.2 | 8(+) | 48.3 | 45.8 | 5.9 |
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 | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 19.6 | –0.1 | +19.7 | 5.6 | 1(+) | 43.0 | 33.6 | 23.4 |
Employment | 4.7 | –2.0 | +6.7 | 1.7 | 1(+) | 11.6 | 81.5 | 6.9 |
Part–Time Employment | 6.0 | –2.2 | +8.2 | –2.1 | 1(+) | 12.5 | 81.0 | 6.5 |
Hours Worked | 0.9 | –10.3 | +11.2 | –2.1 | 1(+) | 10.9 | 79.1 | 10.0 |
Wages and Benefits | 21.9 | 7.1 | +14.8 | 9.1 | 8(+) | 26.6 | 68.7 | 4.7 |
Input Prices | 34.3 | 32.2 | +2.1 | 19.1 | 11(+) | 34.3 | 65.7 | 0.0 |
Selling Prices | 33.9 | 37.7 | –3.8 | 10.5 | 10(+) | 39.3 | 55.3 | 5.4 |
Capital Expenditures | 15.2 | 9.5 | +5.7 | 7.4 | 2(+) | 16.6 | 82.0 | 1.4 |
Inventories | –14.8 | 2.1 | –16.9 | 2.3 | 1(–) | 14.4 | 56.4 | 29.2 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 19.7 | –3.5 | +23.2 | 7.0 | 1(+) | 42.0 | 35.6 | 22.3 |
Companywide Internet Sales | 13.9 | –3.9 | +17.8 | 6.1 | 1(+) | 25.2 | 63.5 | 11.3 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 34.9 | –6.8 | +41.7 | 3.4 | 1(+) | 42.3 | 50.3 | 7.4 |
General Business Activity | 35.2 | –3.5 | +38.7 | –0.8 | 1(+) | 43.3 | 48.7 | 8.1 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | –9.3 | 4.3 | –13.6 | 9.3 | 1(–) | 18.5 | 53.7 | 27.8 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 46.4 | 37.6 | +8.8 | 32.0 | 11(+) | 56.7 | 33.0 | 10.3 |
Employment | 32.5 | 16.5 | +16.0 | 12.0 | 11(+) | 34.1 | 64.3 | 1.6 |
Part–Time Employment | 16.1 | 8.9 | +7.2 | 0.8 | 8(+) | 20.5 | 75.1 | 4.4 |
Hours Worked | 9.3 | 0.5 | +8.8 | 2.7 | 11(+) | 13.5 | 82.3 | 4.2 |
Wages and Benefits | 42.7 | 35.6 | +7.1 | 27.2 | 11(+) | 44.9 | 52.8 | 2.2 |
Input Prices | 49.0 | 44.5 | +4.5 | 32.8 | 11(+) | 54.7 | 39.6 | 5.7 |
Selling Prices | 43.4 | 40.0 | +3.4 | 28.8 | 11(+) | 49.1 | 45.3 | 5.7 |
Capital Expenditures | 34.7 | 20.0 | +14.7 | 17.1 | 10(+) | 38.5 | 57.7 | 3.8 |
Inventories | 40.3 | 36.0 | +4.3 | 9.0 | 11(+) | 50.9 | 38.5 | 10.6 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 51.0 | 34.4 | +16.6 | 30.6 | 11(+) | 59.2 | 32.6 | 8.2 |
Companywide Internet Sales | 47.5 | 33.3 | +14.2 | 22.0 | 12(+) | 50.0 | 47.5 | 2.5 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 48.1 | 38.7 | +9.4 | 17.1 | 11(+) | 51.1 | 45.9 | 3.0 |
General Business Activity | 40.8 | 30.6 | +10.2 | 12.8 | 8(+) | 45.4 | 50.0 | 4.6 |
*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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