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Texas Service Sector Outlook Survey

March 30, 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)
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(–)

14/8
60.4
24.8
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

March 30, 2021

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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