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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

October 26, 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)
IndicatorOct IndexSep IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

19.6

14.5

+5.1

11.1

15(+)

35.7

48.1

16.1

Employment

14.2

9.2

+5.0

6.2

15(+)

24.7

64.8

10.5

Part‒Time Employment

6.7

4.6

+2.1

1.4

null

10.4

85.9

3.7

Hours Worked

14.0

5.6

+8.4

2.6

14(+)

17.5

79.0

3.5

Wages and Benefits

34.7

26.9

+7.8

14.4

17(+)

37.1

60.5

2.4

Input Prices

47.0

42.9

+4.1

25.5

18(+)

49.1

48.8

2.1

Selling Prices

22.7

20.2

+2.5

5.8

15(+)

25.3

72.1

2.6

Capital Expenditures

12.1

12.4

–0.3

9.7

14(+)

17.2

77.7

5.1

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

Company Outlook

13.6

5.9

+7.7

5.5

15(+)

24.1

65.4

10.5

General Business Activity

20.7

8.3

+12.4

3.7

9(+)

28.9

62.9

8.2

IndicatorOct IndexSep IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

12.5

19.6

–7.1

11.0

5(+)

23.9

64.7

11.4

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

Revenue

56.1

44.4

+11.7

37.4

18(+)

63.8

28.5

7.7

Employment

41.5

36.2

+5.3

22.4

18(+)

48.9

43.7

7.4

Part‒Time Employment

16.1

9.3

+6.8

6.7

null

20.7

74.7

4.6

Hours Worked

12.6

7.5

+5.1

5.8

18(+)

17.0

78.6

4.4

Wages and Benefits

58.3

48.7

+9.6

36.2

18(+)

59.1

40.1

0.8

Input Prices

49.6

53.1

–3.5

43.5

178(+)

52.5

44.6

2.9

Selling Prices

38.2

34.3

+3.9

23.2

18(+)

43.5

51.2

5.3

Capital Expenditures

30.6

27.7

+2.9

23.3

17(+)

36.3

58.0

5.7

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

Company Outlook

30.1

23.8

+6.3

16.9

15(+)

37.6

54.9

7.5

General Business Activity

32.8

24.4

+8.4

14.1

15(+)

40.0

52.8

7.2

Texas Retail Outlook Survey

Texas Retail Outlook Survey

October 26, 2021

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)
IndicatorOct IndexSep IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–9.7

7.3

–17.0

5.4

1(–)

21.0

48.4

30.7

Employment

0.0

8.4

–8.4

1.8

1()

14.5

71.0

14.5

Part‒Time Employment

4.9

6.5

–1.6

–1.8

8(+)

11.8

81.3

6.9

Hours Worked

9.6

9.2

+0.4

–1.9

3(+)

17.9

73.8

8.3

Wages and Benefits

38.3

24.6

+13.7

9.6

15(+)

44.6

49.1

6.3

Input Prices

56.3

50.1

+6.2

20.4

18(+)

58.2

39.9

1.9

Selling Prices

45.5

50.4

–4.9

11.9

17(+)

52.9

39.7

7.4

Capital Expenditures

5.9

10.6

–4.7

7.7

9(+)

14.2

77.5

8.3

Inventories

–9.0

11.8

–20.8

1.9

1(–)

21.9

47.2

30.9

Companywide Retail Activity

Companywide Sales

0.7

10.7

–10.0

7.0

8(+)

26.5

47.7

25.8

Companywide Internet Sales

–4.3

–8.0

+3.7

5.8

2(–)

14.8

66.1

19.1

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

Company Outlook

–2.2

2.4

–4.6

3.5

1(–)

13.9

70.0

16.1

General Business Activity

1.6

10.0

–8.4

–0.1

8(+)

14.3

73.0

12.7

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

Outlook Uncertainty†

8.5

20.8

–12.3

9.1

5(+)

17.0

74.5

8.5

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

Sales

44.6

28.0

+16.6

32.7

18(+)

55.7

33.2

11.1

Employment

16.3

30.4

–14.1

12.8

18(+)

30.3

55.7

14.0

Part‒Time Employment

17.4

10.8

+6.6

1.5

15(+)

24.2

68.9

6.8

Hours Worked

8.3

7.1

+1.2

3.0

18(+)

16.6

75.1

8.3

Wages and Benefits

48.5

47.8

+0.7

28.0

18(+)

50.0

48.5

1.5

Input Prices

35.6

48.9

–13.3

33.4

18(+)

46.7

42.2

11.1

Selling Prices

24.5

50.0

–25.5

29.4

18(+)

37.8

48.9

13.3

Capital Expenditures

15.9

15.2

+0.7

17.5

17(+)

27.3

61.4

11.4

Inventories

27.1

25.0

+2.1

10.0

18(+)

45.8

35.5

18.7

Companywide Retail Activity

Companywide Sales

50.1

32.1

+18.0

31.3

18(+)

60.2

29.7

10.1

Companywide Internet Sales

36.1

20.0

+16.1

22.7

19(+)

41.7

52.8

5.6

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

Company Outlook

18.7

18.8

–0.1

17.7

18(+)

30.0

58.7

11.3

General Business Activity

16.0

13.1

+2.9

13.4

15(+)

28.1

59.8

12.1

*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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