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Texas Service Sector Outlook Survey

November 30, 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)
IndicatorNov IndexOct IndexChangeSeries
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)
IndicatorNov IndexOct IndexChangeSeries
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

IndicatorNov IndexOct IndexChangeSeries
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)
IndicatorNov IndexOct IndexChangeSeries
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)
IndicatorNov IndexOct IndexChangeSeries
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

November 30, 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)
IndicatorNov IndexOct IndexChangeSeries
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)
IndicatorNov IndexOct IndexChangeSeries
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)
IndicatorNov IndexOct IndexChangeSeries
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)
IndicatorNov IndexOct IndexChangeSeries
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)
IndicatorNov IndexOct IndexChangeSeries
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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