Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 26.1 | 21.6 | +4.5 | 10.8 | 9(+) | 39.1 | 48.0 | 13.0 |
Employment | 16.8 | 13.1 | +3.7 | 6.0 | 9(+) | 22.4 | 72.0 | 5.6 |
Part–Time Employment | 6.6 | 4.6 | +2.0 | 1.2 | 5(+) | 11.6 | 83.4 | 5.0 |
Hours Worked | 13.4 | 8.3 | +5.1 | 2.3 | 8(+) | 17.5 | 78.4 | 4.1 |
Wages and Benefits | 21.5 | 19.9 | +1.6 | 13.9 | 11(+) | 23.4 | 74.7 | 1.9 |
Input Prices | 34.3 | 26.5 | +7.8 | 24.9 | 12(+) | 35.7 | 62.9 | 1.4 |
Selling Prices | 18.6 | 12.1 | +6.5 | 5.2 | 9(+) | 23.0 | 72.6 | 4.4 |
Capital Expenditures | 10.5 | 9.4 | +1.1 | 9.5 | 8(+) | 16.6 | 77.3 | 6.1 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 29.2 | 26.1 | +3.1 | 5.1 | 9(+) | 35.4 | 58.4 | 6.2 |
General Business Activity | 34.9 | 28.9 | +6.0 | 3.0 | 3(+) | 42.5 | 49.8 | 7.6 |
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | –10.4 | –10.0 | –0.4 | 11.3 | 2(–) | 14.3 | 61.0 | 24.7 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 58.5 | 55.0 | +3.5 | 37.0 | 12(+) | 65.0 | 28.5 | 6.5 |
Employment | 41.6 | 35.2 | +6.4 | 21.8 | 12(+) | 46.7 | 48.2 | 5.1 |
Part–Time Employment | 15.0 | 14.3 | +0.7 | 6.4 | 11(+) | 19.1 | 76.8 | 4.1 |
Hours Worked | 17.2 | 14.3 | +2.9 | 5.6 | 12(+) | 20.7 | 75.8 | 3.5 |
Wages and Benefits | 46.1 | 43.8 | +2.3 | 35.7 | 12(+) | 47.9 | 50.3 | 1.8 |
Input Prices | 46.4 | 42.7 | +3.7 | 43.3 | 172(+) | 48.7 | 48.8 | 2.3 |
Selling Prices | 32.2 | 31.1 | +1.1 | 22.8 | 12(+) | 36.7 | 58.8 | 4.5 |
Capital Expenditures | 29.4 | 32.6 | –3.2 | 23.1 | 11(+) | 32.8 | 63.7 | 3.4 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 41.1 | 40.6 | +0.5 | 16.4 | 9(+) | 47.0 | 47.1 | 5.9 |
General Business Activity | 45.6 | 42.4 | +3.2 | 13.4 | 9(+) | 51.5 | 42.6 | 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 | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 9.7 | 19.6 | –9.9 | 5.7 | 2(+) | 34.9 | 39.9 | 25.2 |
Employment | 10.9 | 4.7 | +6.2 | 1.7 | 2(+) | 15.2 | 80.5 | 4.3 |
Part–Time Employment | 3.9 | 6.0 | –2.1 | –2.0 | 2(+) | 10.3 | 83.3 | 6.4 |
Hours Worked | 5.7 | 0.9 | +4.8 | –2.0 | 2(+) | 13.0 | 79.7 | 7.3 |
Wages and Benefits | 17.1 | 21.9 | –4.8 | 9.2 | 9(+) | 22.1 | 72.9 | 5.0 |
Input Prices | 48.4 | 34.3 | +14.1 | 19.3 | 12(+) | 50.8 | 46.8 | 2.4 |
Selling Prices | 40.4 | 33.9 | +6.5 | 10.7 | 11(+) | 46.8 | 46.7 | 6.4 |
Capital Expenditures | 2.8 | 15.2 | –12.4 | 7.3 | 3(+) | 9.3 | 84.2 | 6.5 |
Inventories | –14.8 | –14.8 | 0.0 | 2.2 | 2(–) | 18.1 | 49.0 | 32.9 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 8.0 | 19.7 | –11.7 | 7.0 | 2(+) | 34.7 | 38.6 | 26.7 |
Companywide Internet Sales | 2.5 | 13.9 | –11.4 | 6.1 | 2(+) | 18.1 | 66.3 | 15.6 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 17.8 | 34.9 | –17.1 | 3.5 | 2(+) | 28.9 | 60.0 | 11.1 |
General Business Activity | 27.8 | 35.2 | –7.4 | –0.6 | 2(+) | 39.1 | 49.6 | 11.3 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 4.1 | –9.3 | +13.4 | 9.2 | 1(+) | 20.4 | 63.3 | 16.3 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 46.9 | 46.4 | +0.5 | 32.1 | 12(+) | 57.8 | 31.3 | 10.9 |
Employment | 33.6 | 32.5 | +1.1 | 12.1 | 12(+) | 37.2 | 59.2 | 3.6 |
Part–Time Employment | 15.9 | 16.1 | –0.2 | 0.9 | 9(+) | 19.0 | 77.9 | 3.1 |
Hours Worked | 11.7 | 9.3 | +2.4 | 2.7 | 12(+) | 15.5 | 80.7 | 3.8 |
Wages and Benefits | 41.4 | 42.7 | –1.3 | 27.3 | 12(+) | 44.2 | 53.0 | 2.8 |
Input Prices | 59.6 | 49.0 | +10.6 | 32.9 | 12(+) | 61.7 | 36.2 | 2.1 |
Selling Prices | 48.9 | 43.4 | +5.5 | 28.9 | 12(+) | 53.2 | 42.6 | 4.3 |
Capital Expenditures | 34.0 | 34.7 | –0.7 | 17.2 | 11(+) | 38.3 | 57.4 | 4.3 |
Inventories | 41.5 | 40.3 | +1.2 | 9.2 | 12(+) | 50.5 | 40.5 | 9.0 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 41.8 | 51.0 | –9.2 | 30.6 | 12(+) | 50.9 | 40.0 | 9.1 |
Companywide Internet Sales | 33.3 | 47.5 | –14.2 | 22.1 | 13(+) | 39.4 | 54.5 | 6.1 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Apr Index | Mar Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 32.6 | 48.1 | –15.5 | 17.2 | 12(+) | 40.7 | 51.2 | 8.1 |
General Business Activity | 42.0 | 40.8 | +1.2 | 13.0 | 9(+) | 49.2 | 43.5 | 7.2 |
*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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