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Texas Service Sector Outlook Survey

September 28, 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)
IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

14.5

16.5

–2.0

11.0

14(+)

33.8

46.8

19.3

Employment

9.2

17.6

–8.4

6.2

14(+)

18.3

72.6

9.1

Part–Time Employment

4.6

6.1

–1.5

1.3

10(+)

7.8

89.0

3.2

Hours Worked

5.6

11.5

–5.9

2.5

13(+)

11.6

82.4

6.0

Wages and Benefits

26.9

32.6

–5.7

14.3

16(+)

29.3

68.3

2.4

Input Prices

42.9

41.9

+1.0

25.4

17(+)

45.4

52.1

2.5

Selling Prices

20.2

20.8

–0.6

5.7

14(+)

24.4

71.4

4.2

Capital Expenditures

12.4

16.1

–3.7

9.7

13(+)

16.9

78.6

4.5

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

Company Outlook

5.9

5.1

+0.8

5.4

14(+)

19.3

67.3

13.4

General Business Activity

8.3

5.4

+2.9

3.6

8(+)

23.3

61.7

15.0

IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

19.6

20.4

–0.8

11.0

4(+)

29.1

61.4

9.5

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

Revenue

44.4

44.7

–0.3

37.3

17(+)

54.6

35.2

10.2

Employment

36.2

36.9

–0.7

22.3

17(+)

43.0

50.1

6.8

Part–Time Employment

9.3

13.7

–4.4

6.7

16(+)

13.5

82.3

4.2

Hours Worked

7.5

14.1

–6.6

5.8

17(+)

12.4

82.7

4.9

Wages and Benefits

48.7

48.7

0.0

36.1

17(+)

51.2

46.3

2.5

Input Prices

53.1

47.8

+5.3

43.5

177(+)

55.4

42.3

2.3

Selling Prices

34.3

33.0

+1.3

23.1

17(+)

38.0

58.3

3.7

Capital Expenditures

27.7

27.6

+0.1

23.3

16(+)

33.8

60.1

6.1

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

Company Outlook

23.8

20.8

+3.0

16.8

14(+)

35.3

53.2

11.5

General Business Activity

24.4

23.0

+1.4

14.0

14(+)

36.7

51.0

12.3


Texas Retail Outlook Survey

September 28, 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)
IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

7.3

7.9

–0.6

5.5

2(+)

36.7

34.0

29.4

Employment

8.4

2.4

+6.0

1.8

2(+)

13.3

81.8

4.9

Part–Time Employment

6.5

3.5

+3.0

–1.9

7(+)

7.8

90.9

1.3

Hours Worked

9.2

4.6

+4.6

–2.0

2(+)

14.5

80.2

5.3

Wages and Benefits

24.6

24.2

+0.4

9.5

14(+)

29.3

66.0

4.7

Input Prices

50.1

41.3

+8.8

20.2

17(+)

54.3

41.5

4.2

Selling Prices

50.4

39.7

+10.7

11.8

16(+)

57.9

34.6

7.5

Capital Expenditures

10.6

12.6

–2.0

7.7

8(+)

16.7

77.2

6.1

Inventories

11.8

–6.4

+18.2

2.0

1(+)

29.8

52.2

18.0

Companywide Retail Activity

Companywide Sales

10.7

16.9

–6.2

7.1

7(+)

35.2

40.2

24.5

Companywide Internet Sales

–8.0

7.1

–15.1

5.9

1(–)

7.2

77.6

15.2

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

Company Outlook

2.4

–1.7

+4.1

3.6

1(+)

19.0

64.4

16.6

General Business Activity

10.0

8.5

+1.5

–0.1

7(+)

24.7

60.6

14.7

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

Outlook Uncertainty†

20.8

16.7

+4.1

9.1

4(+)

27.1

66.7

6.3

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

Sales

28.0

45.9

–17.9

32.6

17(+)

44.4

39.2

16.4

Employment

30.4

33.2

–2.8

12.8

17(+)

37.1

56.2

6.7

Part–Time Employment

10.8

25.5

–14.7

1.4

14(+)

14.3

82.2

3.5

Hours Worked

7.1

18.7

–11.6

3.0

17(+)

15.2

76.7

8.1

Wages and Benefits

47.8

52.1

–4.3

27.9

17(+)

51.2

45.3

3.4

Input Prices

48.9

45.5

+3.4

33.4

17(+)

55.3

38.3

6.4

Selling Prices

50.0

39.5

+10.5

29.4

17(+)

58.7

32.6

8.7

Capital Expenditures

15.2

25.5

–10.3

17.5

16(+)

26.1

63.0

10.9

Inventories

25.0

22.7

+2.3

9.9

17(+)

40.8

43.4

15.8

Companywide Retail Activity

Companywide Sales

32.1

53.3

–21.2

31.1

17(+)

45.1

41.9

13.0

Companywide Internet Sales

20.0

44.8

–24.8

22.6

18(+)

25.7

68.6

5.7

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

Company Outlook

18.8

36.8

–18.0

17.6

17(+)

32.6

53.6

13.8

General Business Activity

13.1

22.0

–8.9

13.4

14(+)

28.4

56.3

15.3

*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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