Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 23.4 | 21.9 | +1.5 | 11.3 | 20(+) | 35.9 | 51.6 | 12.5 |
Employment | 14.4 | 14.6 | –0.2 | 6.4 | 20(+) | 23.9 | 66.6 | 9.5 |
Part–Time Employment | 7.0 | 6.5 | +0.5 | 1.6 | 16(+) | 10.2 | 86.6 | 3.2 |
Hours Worked | 9.9 | 10.4 | –0.5 | 2.8 | 19(+) | 12.9 | 84.1 | 3.0 |
Wages and Benefits | 36.5 | 34.7 | +1.8 | 15.1 | 22(+) | 37.2 | 62.1 | 0.7 |
Input Prices | 59.2 | 51.2 | +8.0 | 26.3 | 23(+) | 59.7 | 39.8 | 0.5 |
Selling Prices | 33.9 | 29.9 | +4.0 | 6.5 | 20(+) | 35.8 | 62.3 | 1.9 |
Capital Expenditures | 15.2 | 19.2 | –4.0 | 10.0 | 19(+) | 19.3 | 76.6 | 4.1 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 2.7 | 14.2 | –11.5 | 5.6 | 2(+) | 14.2 | 74.2 | 11.5 |
General Business Activity | 10.6 | 16.6 | –6.0 | 4.1 | 15(+) | 22.5 | 65.6 | 11.9 |
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 22.5 | 7.6 | +14.9 | 11.4 | 10(+) | 29.5 | 63.6 | 7.0 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 55.8 | 51.6 | +4.2 | 37.9 | 23(+) | 61.6 | 32.6 | 5.8 |
Employment | 40.6 | 38.4 | +2.2 | 22.9 | 23(+) | 46.0 | 48.7 | 5.4 |
Part–Time Employment | 18.3 | 12.0 | +6.3 | 7.0 | 22(+) | 20.9 | 76.5 | 2.6 |
Hours Worked | 13.0 | 12.4 | +0.6 | 6.0 | 23(+) | 16.3 | 80.4 | 3.3 |
Wages and Benefits | 55.3 | 55.4 | –0.1 | 36.8 | 23(+) | 56.6 | 42.1 | 1.3 |
Input Prices | 64.5 | 59.8 | +4.7 | 44.0 | 183(+) | 67.2 | 30.1 | 2.7 |
Selling Prices | 49.5 | 45.4 | +4.1 | 23.9 | 23(+) | 50.7 | 48.1 | 1.2 |
Capital Expenditures | 29.6 | 34.5 | –4.9 | 23.6 | 22(+) | 32.7 | 64.2 | 3.1 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 14.6 | 24.6 | –10.0 | 17.1 | 20(+) | 26.8 | 61.0 | 12.2 |
General Business Activity | 15.4 | 21.2 | –5.8 | 14.3 | 20(+) | 27.7 | 60.0 | 12.3 |
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 | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | –3.0 | 10.2 | –13.2 | 5.5 | 1(–) | 21.7 | 53.6 | 24.7 |
Employment | 2.0 | 11.0 | –9.0 | 1.9 | 8(+) | 12.7 | 76.6 | 10.7 |
Part–Time Employment | 5.4 | 8.4 | –3.0 | –1.6 | 13(+) | 9.2 | 87.0 | 3.8 |
Hours Worked | 4.5 | 10.6 | –6.1 | –1.7 | 2(+) | 12.1 | 80.3 | 7.6 |
Wages and Benefits | 33.7 | 34.9 | –1.2 | 10.5 | 20(+) | 35.0 | 63.7 | 1.3 |
Input Prices | 59.7 | 54.3 | +5.4 | 21.3 | 23(+) | 60.4 | 38.9 | 0.7 |
Selling Prices | 48.6 | 49.9 | –1.3 | 13.1 | 22(+) | 53.2 | 42.2 | 4.6 |
Capital Expenditures | 13.5 | 18.7 | –5.2 | 8.0 | 14(+) | 16.0 | 81.5 | 2.5 |
Inventories | –8.3 | –2.1 | –6.2 | 1.9 | 3(–) | 22.1 | 47.4 | 30.4 |
| Companywide Retail Activity | ||||||||
Companywide Sales | –9.8 | 6.0 | –15.8 | 6.9 | 1(–) | 16.6 | 57.0 | 26.4 |
Companywide Internet Sales | 2.6 | –0.9 | +3.5 | 5.8 | 1(+) | 15.3 | 72.0 | 12.7 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –10.8 | 7.8 | –18.6 | 3.6 | 1(–) | 2.3 | 84.6 | 13.1 |
General Business Activity | –9.8 | 2.7 | –12.5 | –0.1 | 1(–) | 8.0 | 74.2 | 17.8 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 7.5 | 2.2 | +5.3 | 9.2 | 10(+) | 15.0 | 77.5 | 7.5 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 37.9 | 39.1 | –1.2 | 33.0 | 23(+) | 45.3 | 47.3 | 7.4 |
Employment | 31.8 | 28.8 | +3.0 | 13.2 | 23(+) | 35.1 | 61.6 | 3.3 |
Part–Time Employment | 11.0 | 11.0 | 0.0 | 1.7 | 20(+) | 14.9 | 81.2 | 3.9 |
Hours Worked | 13.7 | 11.7 | +2.0 | 3.2 | 23(+) | 18.4 | 76.9 | 4.7 |
Wages and Benefits | 52.2 | 46.0 | +6.2 | 28.7 | 23(+) | 52.7 | 46.8 | 0.5 |
Input Prices | 61.5 | 47.7 | +13.8 | 34.0 | 23(+) | 64.1 | 33.3 | 2.6 |
Selling Prices | 57.5 | 50.0 | +7.5 | 29.9 | 23(+) | 60.0 | 37.5 | 2.5 |
Capital Expenditures | 22.5 | 40.9 | –18.4 | 17.9 | 22(+) | 22.5 | 77.5 | 0.0 |
Inventories | 19.7 | 36.5 | –16.8 | 10.5 | 23(+) | 35.7 | 48.4 | 16.0 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 43.7 | 46.4 | –2.7 | 31.6 | 23(+) | 50.6 | 42.5 | 6.9 |
Companywide Internet Sales | 34.5 | 39.5 | –5.0 | 22.9 | 24(+) | 34.5 | 65.5 | 0.0 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 7.7 | 16.8 | –9.1 | 17.6 | 23(+) | 20.6 | 66.5 | 12.9 |
General Business Activity | 3.0 | 10.1 | –7.1 | 13.4 | 20(+) | 15.6 | 71.8 | 12.6 |
*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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