Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 2.8 | 20.4 | –17.6 | 11.2 | 18(+) | 26.3 | 50.3 | 23.5 |
Employment | 9.2 | 10.7 | –1.5 | 6.3 | 18(+) | 19.0 | 71.2 | 9.8 |
Part–Time Employment | 3.2 | 6.3 | –3.1 | 1.5 | 14(+) | 7.7 | 87.8 | 4.5 |
Hours Worked | 7.4 | 10.0 | –2.6 | 2.7 | 17(+) | 11.8 | 83.8 | 4.4 |
Wages and Benefits | 37.4 | 36.2 | +1.2 | 14.8 | 20(+) | 39.0 | 59.4 | 1.6 |
Input Prices | 50.4 | 49.1 | +1.3 | 26.0 | 21(+) | 52.7 | 44.9 | 2.3 |
Selling Prices | 29.7 | 28.3 | +1.4 | 6.2 | 18(+) | 33.6 | 62.4 | 3.9 |
Capital Expenditures | 19.0 | 16.5 | +2.5 | 9.9 | 17(+) | 23.4 | 72.3 | 4.4 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –0.4 | 14.0 | –14.4 | 5.6 | 1(–) | 15.8 | 68.0 | 16.2 |
General Business Activity | 0.6 | 14.2 | –13.6 | 4.0 | 13(+) | 19.6 | 61.4 | 19.0 |
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 19.7 | 10.4 | +9.3 | 11.2 | 8(+) | 28.4 | 62.9 | 8.7 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 53.4 | 53.2 | +0.2 | 37.7 | 21(+) | 61.8 | 29.8 | 8.4 |
Employment | 36.8 | 41.5 | –4.7 | 22.7 | 21(+) | 44.4 | 48.0 | 7.6 |
Part–Time Employment | 17.7 | 14.8 | +2.9 | 6.9 | 20(+) | 20.9 | 75.9 | 3.2 |
Hours Worked | 13.0 | 12.4 | +0.6 | 6.0 | 21(+) | 17.1 | 78.8 | 4.1 |
Wages and Benefits | 54.4 | 56.2 | –1.8 | 36.6 | 21(+) | 55.8 | 42.8 | 1.4 |
Input Prices | 62.7 | 57.6 | +5.1 | 43.8 | 181(+) | 64.8 | 33.1 | 2.1 |
Selling Prices | 45.7 | 43.8 | +1.9 | 23.6 | 21(+) | 49.2 | 47.4 | 3.5 |
Capital Expenditures | 32.1 | 35.5 | –3.4 | 23.5 | 20(+) | 35.5 | 61.1 | 3.4 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 19.9 | 20.8 | –0.9 | 17.0 | 18(+) | 29.1 | 61.8 | 9.2 |
General Business Activity | 16.7 | 21.5 | –4.8 | 14.2 | 18(+) | 28.5 | 59.7 | 11.8 |
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 | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | –8.1 | 12.4 | –20.5 | 5.5 | 1(–) | 25.4 | 41.1 | 33.5 |
Employment | 6.0 | 7.5 | –1.5 | 1.9 | 6(+) | 16.7 | 72.6 | 10.7 |
Part–Time Employment | 1.6 | 8.3 | –6.7 | –1.7 | 11(+) | 7.8 | 86.0 | 6.2 |
Hours Worked | –0.3 | 5.1 | –5.4 | –1.8 | 1(–) | 10.7 | 78.3 | 11.0 |
Wages and Benefits | 37.1 | 42.5 | –5.4 | 10.2 | 18(+) | 43.0 | 51.1 | 5.9 |
Input Prices | 45.2 | 44.3 | +0.9 | 20.9 | 21(+) | 52.5 | 40.1 | 7.3 |
Selling Prices | 43.9 | 46.5 | –2.6 | 12.7 | 20(+) | 52.8 | 38.2 | 8.9 |
Capital Expenditures | 16.8 | 4.9 | +11.9 | 7.9 | 12(+) | 20.0 | 76.8 | 3.2 |
Inventories | –10.0 | 15.8 | –25.8 | 2.0 | 1(–) | 18.1 | 53.8 | 28.1 |
| Companywide Retail Activity | ||||||||
Companywide Sales | –7.5 | 17.2 | –24.7 | 7.0 | 1(–) | 24.4 | 43.7 | 31.9 |
Companywide Internet Sales | –2.9 | 13.9 | –16.8 | 5.8 | 1(–) | 16.1 | 64.8 | 19.0 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –10.6 | 16.1 | –26.7 | 3.6 | 1(–) | 10.3 | 68.8 | 20.9 |
General Business Activity | –7.2 | 7.1 | –14.3 | 0.0 | 1(–) | 15.8 | 61.1 | 23.0 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 24.0 | 2.4 | +21.6 | 9.4 | 8(+) | 28.3 | 67.4 | 4.3 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 44.5 | 45.0 | –0.5 | 32.9 | 21(+) | 54.7 | 35.1 | 10.2 |
Employment | 25.3 | 30.7 | –5.4 | 13.0 | 21(+) | 32.1 | 61.1 | 6.8 |
Part–Time Employment | 17.3 | 14.0 | +3.3 | 1.6 | 18(+) | 23.8 | 69.7 | 6.5 |
Hours Worked | 0.3 | 5.5 | –5.2 | 3.1 | 21(+) | 10.4 | 79.5 | 10.1 |
Wages and Benefits | 44.3 | 53.1 | –8.8 | 28.5 | 21(+) | 45.3 | 53.6 | 1.0 |
Input Prices | 51.1 | 48.9 | +2.2 | 33.7 | 21(+) | 58.1 | 34.9 | 7.0 |
Selling Prices | 52.3 | 44.2 | +8.1 | 29.7 | 21(+) | 61.4 | 29.5 | 9.1 |
Capital Expenditures | 27.2 | 23.3 | +3.9 | 17.7 | 20(+) | 29.5 | 68.2 | 2.3 |
Inventories | 25.1 | 36.2 | –11.1 | 10.3 | 21(+) | 39.4 | 46.4 | 14.3 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 34.5 | 47.1 | –12.6 | 31.4 | 21(+) | 47.0 | 40.6 | 12.5 |
Companywide Internet Sales | 27.2 | 34.3 | –7.1 | 22.8 | 22(+) | 33.3 | 60.6 | 6.1 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 14.2 | 17.8 | –3.6 | 17.7 | 21(+) | 21.9 | 70.4 | 7.7 |
General Business Activity | 4.2 | 10.9 | –6.7 | 13.5 | 18(+) | 18.1 | 68.0 | 13.9 |
*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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