Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 23.9 | 26.1 | –2.2 | 10.9 | 10(+) | 41.8 | 40.3 | 17.9 |
Employment | 13.0 | 16.8 | –3.8 | 6.0 | 10(+) | 21.4 | 70.2 | 8.4 |
Part–Time Employment | 5.9 | 6.6 | –0.7 | 1.2 | 6(+) | 10.3 | 85.3 | 4.4 |
Hours Worked | 11.7 | 13.4 | –1.7 | 2.4 | 9(+) | 15.8 | 80.1 | 4.1 |
Wages and Benefits | 26.9 | 21.5 | +5.4 | 14.0 | 12(+) | 29.3 | 68.3 | 2.4 |
Input Prices | 43.8 | 34.3 | +9.5 | 25.0 | 13(+) | 46.8 | 50.2 | 3.0 |
Selling Prices | 23.5 | 18.6 | +4.9 | 5.3 | 10(+) | 27.7 | 68.1 | 4.2 |
Capital Expenditures | 17.2 | 10.5 | +6.7 | 9.6 | 9(+) | 21.1 | 75.0 | 3.9 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 26.0 | 29.2 | –3.2 | 5.2 | 10(+) | 38.4 | 49.2 | 12.4 |
General Business Activity | 40.0 | 34.9 | +5.1 | 3.2 | 4(+) | 47.9 | 44.1 | 7.9 |
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | –5.1 | –10.4 | +5.3 | 10.9 | 3(–) | 18.9 | 57.1 | 24.0 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 58.3 | 58.5 | –0.2 | 37.1 | 13(+) | 65.9 | 26.5 | 7.6 |
Employment | 40.2 | 41.6 | –1.4 | 21.9 | 13(+) | 44.4 | 51.4 | 4.2 |
Part–Time Employment | 16.4 | 15.0 | +1.4 | 6.5 | 12(+) | 19.9 | 76.6 | 3.5 |
Hours Worked | 14.9 | 17.2 | –2.3 | 5.6 | 13(+) | 18.4 | 78.1 | 3.5 |
Wages and Benefits | 50.4 | 46.1 | +4.3 | 35.8 | 13(+) | 51.2 | 48.0 | 0.8 |
Input Prices | 51.4 | 46.4 | +5.0 | 43.3 | 173(+) | 55.7 | 40.0 | 4.3 |
Selling Prices | 34.7 | 32.2 | +2.5 | 22.8 | 13(+) | 40.1 | 54.5 | 5.4 |
Capital Expenditures | 33.7 | 29.4 | +4.3 | 23.1 | 12(+) | 38.3 | 57.1 | 4.6 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 42.0 | 41.1 | +0.9 | 16.6 | 10(+) | 53.2 | 35.6 | 11.2 |
General Business Activity | 48.2 | 45.6 | +2.6 | 13.6 | 10(+) | 56.5 | 35.2 | 8.3 |
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 | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | –6.7 | 9.7 | –16.4 | 5.6 | 1(–) | 28.1 | 37.2 | 34.8 |
Employment | 8.9 | 10.9 | –2.0 | 1.8 | 3(+) | 13.6 | 81.7 | 4.7 |
Part–Time Employment | 3.3 | 3.9 | –0.6 | –2.0 | 3(+) | 9.1 | 85.1 | 5.8 |
Hours Worked | 0.2 | 5.7 | –5.5 | –2.0 | 3(+) | 10.8 | 78.6 | 10.6 |
Wages and Benefits | 15.4 | 17.1 | –1.7 | 9.2 | 10(+) | 23.6 | 68.2 | 8.2 |
Input Prices | 52.6 | 48.4 | +4.2 | 19.5 | 13(+) | 57.2 | 38.2 | 4.6 |
Selling Prices | 46.2 | 40.4 | +5.8 | 10.9 | 12(+) | 52.6 | 41.0 | 6.4 |
Capital Expenditures | 15.7 | 2.8 | +12.9 | 7.4 | 4(+) | 20.3 | 75.1 | 4.6 |
Inventories | –11.0 | –14.8 | +3.8 | 2.2 | 3(–) | 24.4 | 40.2 | 35.4 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 1.4 | 8.0 | –6.6 | 7.0 | 3(+) | 35.8 | 29.8 | 34.4 |
Companywide Internet Sales | –2.4 | 2.5 | –4.9 | 6.0 | 1(–) | 19.6 | 58.4 | 22.0 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 12.4 | 17.8 | –5.4 | 3.6 | 3(+) | 35.2 | 42.0 | 22.8 |
General Business Activity | 26.7 | 27.8 | –1.1 | –0.4 | 3(+) | 38.9 | 49.0 | 12.2 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | –18.8 | 4.1 | –22.9 | 8.5 | 1(–) | 18.9 | 43.4 | 37.7 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 57.7 | 46.9 | +10.8 | 32.3 | 13(+) | 66.9 | 23.9 | 9.2 |
Employment | 37.2 | 33.6 | +3.6 | 12.3 | 13(+) | 40.4 | 56.5 | 3.2 |
Part–Time Employment | 12.7 | 15.9 | –3.2 | 1.0 | 10(+) | 14.6 | 83.5 | 1.9 |
Hours Worked | 10.0 | 11.7 | –1.7 | 2.7 | 13(+) | 16.4 | 77.2 | 6.4 |
Wages and Benefits | 50.4 | 41.4 | +9.0 | 27.4 | 13(+) | 50.6 | 49.2 | 0.2 |
Input Prices | 51.9 | 59.6 | –7.7 | 33.0 | 13(+) | 61.5 | 28.8 | 9.6 |
Selling Prices | 36.6 | 48.9 | –12.3 | 29.0 | 13(+) | 48.1 | 40.4 | 11.5 |
Capital Expenditures | 25.5 | 34.0 | –8.5 | 17.3 | 12(+) | 33.3 | 58.8 | 7.8 |
Inventories | 47.5 | 41.5 | +6.0 | 9.4 | 13(+) | 55.7 | 36.1 | 8.2 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 50.1 | 41.8 | +8.3 | 30.7 | 13(+) | 61.7 | 26.7 | 11.6 |
Companywide Internet Sales | 32.5 | 33.3 | –0.8 | 22.2 | 14(+) | 42.5 | 47.5 | 10.0 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 41.6 | 32.6 | +9.0 | 17.3 | 13(+) | 56.5 | 28.6 | 14.9 |
General Business Activity | 36.0 | 42.0 | –6.0 | 13.1 | 10(+) | 47.6 | 40.7 | 11.6 |
*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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