Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 20.4 | 25.4 | –5.0 | 11.2 | 17(+) | 35.6 | 49.2 | 15.2 |
Employment | 10.7 | 12.9 | –2.2 | 6.3 | 17(+) | 20.0 | 70.7 | 9.3 |
Part–Time Employment | 5.8 | 9.8 | –4.0 | 1.4 | 13(+) | 10.5 | 84.8 | 4.7 |
Hours Worked | 10.2 | 13.3 | –3.1 | 2.7 | 16(+) | 13.6 | 83.0 | 3.4 |
Wages and Benefits | 35.4 | 35.1 | +0.3 | 14.7 | 19(+) | 36.2 | 63.0 | 0.8 |
Input Prices | 47.8 | 51.8 | –4.0 | 25.8 | 20(+) | 49.0 | 49.8 | 1.2 |
Selling Prices | 27.4 | 29.7 | –2.3 | 6.0 | 17(+) | 30.6 | 66.2 | 3.2 |
Capital Expenditures | 16.4 | 19.9 | –3.5 | 9.8 | 16(+) | 20.4 | 75.6 | 4.0 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 13.7 | 16.8 | –3.1 | 5.6 | 17(+) | 22.3 | 69.2 | 8.6 |
General Business Activity | 12.9 | 22.7 | –9.8 | 3.9 | 11(+) | 21.6 | 69.7 | 8.7 |
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 10.5 | 13.0 | –2.5 | 11.0 | 7(+) | 19.9 | 70.7 | 9.4 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 53.3 | 54.4 | –1.1 | 37.6 | 20(+) | 57.6 | 38.1 | 4.3 |
Employment | 41.2 | 45.0 | –3.8 | 22.6 | 20(+) | 46.1 | 49.0 | 4.9 |
Part–Time Employment | 14.5 | 16.2 | –1.7 | 6.8 | 19(+) | 18.0 | 78.5 | 3.5 |
Hours Worked | 12.1 | 13.3 | –1.2 | 5.9 | 20(+) | 15.1 | 81.9 | 3.0 |
Wages and Benefits | 55.5 | 55.2 | +0.3 | 36.4 | 20(+) | 56.1 | 43.3 | 0.6 |
Input Prices | 57.4 | 59.6 | –2.2 | 43.7 | 180(+) | 58.0 | 41.4 | 0.6 |
Selling Prices | 43.4 | 46.6 | –3.2 | 23.5 | 20(+) | 46.5 | 50.4 | 3.1 |
Capital Expenditures | 35.5 | 34.4 | +1.1 | 23.4 | 19(+) | 39.8 | 55.9 | 4.3 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 20.2 | 26.2 | –6.0 | 17.0 | 17(+) | 30.5 | 59.2 | 10.3 |
General Business Activity | 21.9 | 30.0 | –8.1 | 14.2 | 17(+) | 31.8 | 58.3 | 9.9 |
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 | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 13.4 | 23.0 | –9.6 | 5.6 | 2(+) | 33.0 | 47.5 | 19.6 |
Employment | 7.2 | 5.9 | +1.3 | 1.8 | 2(+) | 17.5 | 72.2 | 10.3 |
Part–Time Employment | 7.4 | 9.6 | –2.2 | –1.7 | 10(+) | 16.7 | 74.0 | 9.3 |
Hours Worked | 4.6 | 4.3 | +0.3 | –1.8 | 5(+) | 12.8 | 79.0 | 8.2 |
Wages and Benefits | 40.5 | 44.5 | –4.0 | 10.0 | 17(+) | 43.3 | 53.9 | 2.8 |
Input Prices | 44.3 | 65.9 | –21.6 | 20.8 | 20(+) | 48.9 | 46.5 | 4.6 |
Selling Prices | 45.6 | 59.5 | –13.9 | 12.4 | 19(+) | 48.3 | 49.0 | 2.7 |
Capital Expenditures | 5.2 | 24.3 | –19.1 | 7.8 | 11(+) | 9.9 | 85.4 | 4.7 |
Inventories | 15.1 | 10.6 | +4.5 | 2.1 | 2(+) | 29.5 | 56.1 | 14.4 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 20.3 | 24.1 | –3.8 | 7.2 | 10(+) | 35.6 | 49.1 | 15.3 |
Companywide Internet Sales | 14.9 | 10.0 | +4.9 | 5.9 | 2(+) | 21.6 | 71.7 | 6.7 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 14.6 | 12.5 | +2.1 | 3.7 | 2(+) | 17.3 | 80.0 | 2.7 |
General Business Activity | 8.5 | 14.9 | –6.4 | 0.1 | 10(+) | 16.0 | 76.5 | 7.5 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 2.4 | 16.0 | –13.6 | 9.1 | 7(+) | 9.5 | 83.3 | 7.1 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 44.2 | 36.7 | +7.5 | 32.8 | 20(+) | 50.2 | 43.8 | 6.0 |
Employment | 33.1 | 27.1 | +6.0 | 13.0 | 20(+) | 40.1 | 52.9 | 7.0 |
Part–Time Employment | 15.0 | 12.4 | +2.6 | 1.6 | 17(+) | 19.1 | 76.8 | 4.1 |
Hours Worked | 4.8 | 8.1 | –3.3 | 3.0 | 20(+) | 13.6 | 77.6 | 8.8 |
Wages and Benefits | 51.4 | 48.4 | +3.0 | 28.3 | 20(+) | 54.0 | 43.4 | 2.6 |
Input Prices | 48.9 | 52.4 | –3.5 | 33.6 | 20(+) | 51.2 | 46.5 | 2.3 |
Selling Prices | 44.2 | 45.2 | –1.0 | 29.6 | 20(+) | 51.2 | 41.9 | 7.0 |
Capital Expenditures | 23.3 | 27.5 | –4.2 | 17.6 | 19(+) | 32.6 | 58.1 | 9.3 |
Inventories | 35.8 | 19.6 | +16.2 | 10.2 | 20(+) | 45.2 | 45.5 | 9.4 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 46.7 | 33.8 | +12.9 | 31.4 | 20(+) | 49.2 | 48.3 | 2.5 |
Companywide Internet Sales | 34.3 | 23.5 | +10.8 | 22.7 | 21(+) | 34.3 | 65.7 | 0.0 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Dec Index | Nov Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 18.6 | 26.1 | –7.5 | 17.7 | 20(+) | 21.9 | 74.8 | 3.3 |
General Business Activity | 10.6 | 18.3 | –7.7 | 13.4 | 17(+) | 21.5 | 67.6 | 10.9 |
*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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