Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 25.4 | 19.6 | +5.8 | 11.2 | 16(+) | 39.5 | 46.4 | 14.1 |
Employment | 12.9 | 14.2 | –1.3 | 6.3 | 16(+) | 24.5 | 63.9 | 11.6 |
Part–Time Employment | 9.8 | 6.7 | +3.1 | 1.4 | 12(+) | 11.4 | 87.0 | 1.6 |
Hours Worked | 13.3 | 14.0 | –0.7 | 2.6 | 15(+) | 16.5 | 80.3 | 3.2 |
Wages and Benefits | 35.1 | 34.7 | +0.4 | 14.6 | 18(+) | 36.2 | 62.7 | 1.1 |
Input Prices | 51.8 | 47.0 | +4.8 | 25.6 | 19(+) | 53.7 | 44.4 | 1.9 |
Selling Prices | 29.7 | 22.7 | +7.0 | 5.9 | 16(+) | 31.5 | 66.7 | 1.8 |
Capital Expenditures | 19.9 | 12.1 | +7.8 | 9.8 | 15(+) | 24.8 | 70.3 | 4.9 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 16.8 | 13.6 | +3.2 | 5.6 | 16(+) | 26.0 | 64.8 | 9.2 |
General Business Activity | 22.7 | 20.7 | +2.0 | 3.8 | 10(+) | 31.0 | 60.7 | 8.3 |
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 13.0 | 12.5 | +0.5 | 11.0 | 6(+) | 22.9 | 67.2 | 9.9 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 54.4 | 56.1 | –1.7 | 37.5 | 19(+) | 61.2 | 32.0 | 6.8 |
Employment | 45.0 | 41.5 | +3.5 | 22.5 | 19(+) | 48.5 | 48.0 | 3.5 |
Part–Time Employment | 16.2 | 16.1 | +0.1 | 6.8 | 18(+) | 19.1 | 78.0 | 2.9 |
Hours Worked | 13.3 | 12.6 | +0.7 | 5.9 | 19(+) | 17.8 | 77.7 | 4.5 |
Wages and Benefits | 55.2 | 58.3 | –3.1 | 36.3 | 19(+) | 56.2 | 42.8 | 1.0 |
Input Prices | 59.6 | 49.6 | +10.0 | 43.6 | 179(+) | 61.1 | 37.4 | 1.5 |
Selling Prices | 46.6 | 38.2 | +8.4 | 23.3 | 19(+) | 51.0 | 44.6 | 4.4 |
Capital Expenditures | 34.4 | 30.6 | +3.8 | 23.4 | 18(+) | 38.4 | 57.6 | 4.0 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 26.2 | 30.1 | –3.9 | 17.0 | 16(+) | 34.4 | 57.4 | 8.2 |
General Business Activity | 30.0 | 32.8 | –2.8 | 14.2 | 16(+) | 37.2 | 55.6 | 7.2 |
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 | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 23.0 | –9.7 | +32.7 | 5.5 | 1(+) | 40.4 | 42.3 | 17.4 |
Employment | 5.9 | 0.0 | +5.9 | 1.8 | 1(+) | 18.9 | 68.1 | 13.0 |
Part–Time Employment | 9.6 | 4.9 | +4.7 | –1.8 | 9(+) | 11.0 | 87.6 | 1.4 |
Hours Worked | 4.3 | 9.6 | –5.3 | –1.9 | 4(+) | 11.3 | 81.7 | 7.0 |
Wages and Benefits | 44.5 | 38.3 | +6.2 | 9.8 | 16(+) | 46.2 | 52.1 | 1.7 |
Input Prices | 65.9 | 56.3 | +9.6 | 20.6 | 19(+) | 65.9 | 34.1 | 0.0 |
Selling Prices | 59.5 | 45.5 | +14.0 | 12.2 | 18(+) | 62.6 | 34.3 | 3.1 |
Capital Expenditures | 24.3 | 5.9 | +18.4 | 7.8 | 10(+) | 28.4 | 67.5 | 4.1 |
Inventories | 10.6 | –9.0 | +19.6 | 2.0 | 1(+) | 37.7 | 35.2 | 27.1 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 24.1 | 0.7 | +23.4 | 7.1 | 9(+) | 42.7 | 38.7 | 18.6 |
Companywide Internet Sales | 10.0 | –4.3 | +14.3 | 5.8 | 1(+) | 18.3 | 73.4 | 8.3 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 12.5 | –2.2 | +14.7 | 3.6 | 1(+) | 23.1 | 66.3 | 10.6 |
General Business Activity | 14.9 | 1.6 | +13.3 | 0.0 | 9(+) | 23.7 | 67.5 | 8.8 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 16.0 | 8.5 | +7.5 | 9.2 | 6(+) | 20.5 | 75.0 | 4.5 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 36.7 | 44.6 | –7.9 | 32.7 | 19(+) | 49.4 | 37.8 | 12.7 |
Employment | 27.1 | 16.3 | +10.8 | 12.9 | 19(+) | 33.4 | 60.2 | 6.3 |
Part–Time Employment | 12.4 | 17.4 | –5.0 | 1.5 | 16(+) | 15.8 | 80.8 | 3.4 |
Hours Worked | 8.1 | 8.3 | –0.2 | 3.0 | 19(+) | 11.6 | 84.9 | 3.5 |
Wages and Benefits | 48.4 | 48.5 | –0.1 | 28.2 | 19(+) | 50.1 | 48.2 | 1.7 |
Input Prices | 52.4 | 35.6 | +16.8 | 33.6 | 19(+) | 59.5 | 33.3 | 7.1 |
Selling Prices | 45.2 | 24.5 | +20.7 | 29.5 | 19(+) | 57.1 | 31.0 | 11.9 |
Capital Expenditures | 27.5 | 15.9 | +11.6 | 17.6 | 18(+) | 32.5 | 62.5 | 5.0 |
Inventories | 19.6 | 27.1 | –7.5 | 10.0 | 19(+) | 35.6 | 48.4 | 16.0 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 33.8 | 50.1 | –16.3 | 31.3 | 19(+) | 42.7 | 48.4 | 8.9 |
Companywide Internet Sales | 23.5 | 36.1 | –12.6 | 22.7 | 20(+) | 29.4 | 64.7 | 5.9 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Nov Index | Oct Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 26.1 | 18.7 | +7.4 | 17.7 | 19(+) | 32.7 | 60.7 | 6.6 |
General Business Activity | 18.3 | 16.0 | +2.3 | 13.4 | 16(+) | 27.3 | 63.7 | 9.0 |
*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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