Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 21.9 | 2.8 | +19.1 | 11.2 | 19(+) | 36.0 | 49.9 | 14.1 |
Employment | 14.6 | 9.2 | +5.4 | 6.4 | 19(+) | 23.7 | 67.2 | 9.1 |
Part–Time Employment | 6.5 | 3.2 | +3.3 | 1.5 | 15(+) | 9.7 | 87.1 | 3.2 |
Hours Worked | 10.4 | 7.4 | +3.0 | 2.8 | 18(+) | 14.6 | 81.2 | 4.2 |
Wages and Benefits | 34.7 | 37.4 | –2.7 | 14.9 | 21(+) | 35.9 | 62.9 | 1.2 |
Input Prices | 51.2 | 50.4 | +0.8 | 26.1 | 22(+) | 52.8 | 45.6 | 1.6 |
Selling Prices | 29.9 | 29.7 | +0.2 | 6.3 | 19(+) | 32.2 | 65.5 | 2.3 |
Capital Expenditures | 19.2 | 19.0 | +0.2 | 10.0 | 18(+) | 23.8 | 71.6 | 4.6 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 14.2 | –0.4 | +14.6 | 5.7 | 1(+) | 23.0 | 68.2 | 8.8 |
General Business Activity | 16.6 | 0.6 | +16.0 | 4.0 | 14(+) | 26.2 | 64.2 | 9.6 |
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 7.6 | 19.7 | –12.1 | 11.1 | 9(+) | 20.5 | 66.6 | 12.9 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 51.6 | 53.4 | –1.8 | 37.8 | 22(+) | 59.1 | 33.4 | 7.5 |
Employment | 38.4 | 36.8 | +1.6 | 22.8 | 22(+) | 46.5 | 45.4 | 8.1 |
Part–Time Employment | 12.0 | 17.7 | –5.7 | 6.9 | 21(+) | 16.8 | 78.4 | 4.8 |
Hours Worked | 12.4 | 13.0 | –0.6 | 6.0 | 22(+) | 15.5 | 81.4 | 3.1 |
Wages and Benefits | 55.4 | 54.4 | +1.0 | 36.7 | 22(+) | 57.1 | 41.2 | 1.7 |
Input Prices | 59.8 | 62.7 | –2.9 | 43.9 | 182(+) | 62.2 | 35.4 | 2.4 |
Selling Prices | 45.4 | 45.7 | –0.3 | 23.7 | 22(+) | 49.0 | 47.5 | 3.6 |
Capital Expenditures | 34.5 | 32.1 | +2.4 | 23.5 | 21(+) | 38.1 | 58.3 | 3.6 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 24.6 | 19.9 | +4.7 | 17.1 | 19(+) | 33.8 | 57.0 | 9.2 |
General Business Activity | 21.2 | 16.7 | +4.5 | 14.3 | 19(+) | 32.7 | 55.8 | 11.5 |
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 | Feb Index | Jan Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 10.2 | –8.1 | +18.3 | 5.5 | 1(+) | 35.2 | 39.8 | 25.0 |
Employment | 11.0 | 6.0 | +5.0 | 1.9 | 7(+) | 19.5 | 72.0 | 8.5 |
Part–Time Employment | 8.4 | 1.6 | +6.8 | –1.6 | 12(+) | 10.6 | 87.2 | 2.2 |
Hours Worked | 10.6 | –0.3 | +10.9 | –1.7 | 1(+) | 19.7 | 71.2 | 9.1 |
Wages and Benefits | 34.9 | 37.1 | –2.2 | 10.4 | 19(+) | 36.6 | 61.7 | 1.7 |
Input Prices | 54.3 | 45.2 | +9.1 | 21.0 | 22(+) | 59.0 | 36.3 | 4.7 |
Selling Prices | 49.9 | 43.9 | +6.0 | 12.9 | 21(+) | 57.6 | 34.7 | 7.7 |
Capital Expenditures | 18.7 | 16.8 | +1.9 | 8.0 | 13(+) | 20.8 | 77.1 | 2.1 |
Inventories | –2.1 | –10.0 | +7.9 | 2.0 | 2(–) | 25.3 | 47.3 | 27.4 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 6.0 | –7.5 | +13.5 | 7.0 | 1(+) | 33.5 | 39.0 | 27.5 |
Companywide Internet Sales | –0.9 | –2.9 | +2.0 | 5.8 | 2(–) | 16.3 | 66.5 | 17.2 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 7.8 | –10.6 | +18.4 | 3.6 | 1(+) | 21.5 | 64.8 | 13.7 |
General Business Activity | 2.7 | –7.2 | +9.9 | 0.0 | 1(+) | 22.1 | 58.5 | 19.4 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 2.2 | 24.0 | –21.8 | 9.2 | 9(+) | 20.0 | 62.2 | 17.8 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 39.1 | 44.5 | –5.4 | 32.9 | 22(+) | 48.6 | 41.9 | 9.5 |
Employment | 28.8 | 25.3 | +3.5 | 13.1 | 22(+) | 34.3 | 60.2 | 5.5 |
Part–Time Employment | 11.0 | 17.3 | –6.3 | 1.7 | 19(+) | 15.4 | 80.2 | 4.4 |
Hours Worked | 11.7 | 0.3 | +11.4 | 3.1 | 22(+) | 18.8 | 74.1 | 7.1 |
Wages and Benefits | 46.0 | 44.3 | +1.7 | 28.6 | 22(+) | 48.7 | 48.6 | 2.7 |
Input Prices | 47.7 | 51.1 | –3.4 | 33.8 | 22(+) | 54.5 | 38.6 | 6.8 |
Selling Prices | 50.0 | 52.3 | –2.3 | 29.8 | 22(+) | 59.1 | 31.8 | 9.1 |
Capital Expenditures | 40.9 | 27.2 | +13.7 | 17.9 | 21(+) | 40.9 | 59.1 | 0.0 |
Inventories | 36.5 | 25.1 | +11.4 | 10.5 | 22(+) | 47.0 | 42.5 | 10.5 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 46.4 | 34.5 | +11.9 | 31.5 | 22(+) | 52.5 | 41.4 | 6.1 |
Companywide Internet Sales | 39.5 | 27.2 | +12.3 | 22.8 | 23(+) | 42.1 | 55.3 | 2.6 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Feb Index | Jan Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 16.8 | 14.2 | +2.6 | 17.7 | 22(+) | 24.8 | 67.2 | 8.0 |
General Business Activity | 10.1 | 4.2 | +5.9 | 13.4 | 19(+) | 21.2 | 67.7 | 11.1 |
*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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