Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 6.3 | 11.2 | –4.9 | 11.3 | 22(+) | 27.7 | 50.9 | 21.4 |
Employment | 8.1 | 14.5 | –6.4 | 6.5 | 22(+) | 18.3 | 71.5 | 10.2 |
Part–Time Employment | 3.0 | 2.9 | +0.1 | 1.6 | 18(+) | 8.7 | 85.6 | 5.7 |
Hours Worked | 5.6 | 9.5 | –3.9 | 2.8 | 21(+) | 11.3 | 83.0 | 5.7 |
Wages and Benefits | 35.0 | 33.0 | +2.0 | 15.3 | 24(+) | 37.4 | 60.2 | 2.4 |
Input Prices | 53.5 | 54.2 | –0.7 | 26.6 | 25(+) | 57.0 | 39.5 | 3.5 |
Selling Prices | 32.6 | 33.7 | –1.1 | 6.8 | 22(+) | 36.4 | 59.8 | 3.8 |
Capital Expenditures | 14.7 | 13.2 | +1.5 | 10.0 | 21(+) | 20.3 | 74.1 | 5.6 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 0.9 | 2.4 | –1.5 | 5.6 | 4(+) | 18.5 | 63.9 | 17.6 |
General Business Activity | 1.5 | 8.2 | –6.7 | 4.1 | 17(+) | 21.0 | 59.5 | 19.5 |
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 25.2 | 19.2 | +6.0 | 11.8 | 12(+) | 34.0 | 57.2 | 8.8 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 35.5 | 47.0 | –11.5 | 38.0 | 25(+) | 48.9 | 37.7 | 13.4 |
Employment | 32.9 | 33.0 | –0.1 | 23.0 | 25(+) | 38.7 | 55.5 | 5.8 |
Part–Time Employment | 8.6 | 11.5 | –2.9 | 7.0 | 24(+) | 14.0 | 80.6 | 5.4 |
Hours Worked | 8.8 | 7.3 | +1.5 | 6.1 | 25(+) | 12.5 | 83.8 | 3.7 |
Wages and Benefits | 50.5 | 52.3 | –1.8 | 36.9 | 25(+) | 51.6 | 47.3 | 1.1 |
Input Prices | 61.9 | 59.6 | +2.3 | 44.2 | 185(+) | 64.5 | 32.8 | 2.6 |
Selling Prices | 40.4 | 41.6 | –1.2 | 24.1 | 25(+) | 45.4 | 49.5 | 5.0 |
Capital Expenditures | 28.5 | 27.7 | +0.8 | 23.6 | 24(+) | 34.1 | 60.4 | 5.6 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 0.2 | 14.5 | –14.3 | 17.0 | 22(+) | 22.5 | 55.2 | 22.3 |
General Business Activity | –3.9 | 6.5 | –10.4 | 14.1 | 1(–) | 24.4 | 47.3 | 28.3 |
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 | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | –11.9 | –7.9 | –4.0 | 5.3 | 3(–) | 18.6 | 50.9 | 30.5 |
Employment | 0.8 | 9.3 | –8.5 | 2.0 | 10(+) | 12.9 | 75.0 | 12.1 |
Part–Time Employment | 0.2 | 5.7 | –5.5 | –1.5 | 15(+) | 9.2 | 81.8 | 9.0 |
Hours Worked | 1.4 | 2.5 | –1.1 | –1.6 | 4(+) | 11.5 | 78.4 | 10.1 |
Wages and Benefits | 31.1 | 34.2 | –3.1 | 10.7 | 22(+) | 36.1 | 58.9 | 5.0 |
Input Prices | 50.1 | 55.3 | –5.2 | 21.6 | 25(+) | 60.3 | 29.5 | 10.2 |
Selling Prices | 42.5 | 54.6 | –12.1 | 13.4 | 24(+) | 54.3 | 33.9 | 11.8 |
Capital Expenditures | 12.6 | 11.3 | +1.3 | 8.1 | 16(+) | 20.3 | 72.0 | 7.7 |
Inventories | –1.3 | –0.4 | –0.9 | 1.9 | 5(–) | 26.3 | 46.1 | 27.6 |
| Companywide Retail Activity | ||||||||
Companywide Sales | –12.9 | 0.5 | –13.4 | 6.7 | 1(–) | 17.5 | 52.1 | 30.4 |
Companywide Internet Sales | –18.2 | 6.1 | –24.3 | 5.6 | 1(–) | 7.3 | 67.2 | 25.5 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –4.1 | –4.9 | +0.8 | 3.5 | 3(–) | 20.1 | 55.7 | 24.2 |
General Business Activity | –3.2 | 1.4 | –4.6 | –0.1 | 1(–) | 17.7 | 61.4 | 20.9 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 18.2 | 14.6 | +3.6 | 9.5 | 12(+) | 31.8 | 54.5 | 13.6 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 18.3 | 34.9 | –16.6 | 32.9 | 25(+) | 39.2 | 39.9 | 20.9 |
Employment | 22.0 | 21.8 | +0.2 | 13.3 | 25(+) | 30.0 | 62.0 | 8.0 |
Part–Time Employment | 0.5 | 5.0 | –4.5 | 1.8 | 22(+) | 8.1 | 84.3 | 7.6 |
Hours Worked | 4.0 | 3.7 | +0.3 | 3.2 | 25(+) | 11.3 | 81.4 | 7.3 |
Wages and Benefits | 50.1 | 48.1 | +2.0 | 28.9 | 25(+) | 50.4 | 49.3 | 0.3 |
Input Prices | 50.0 | 48.9 | +1.1 | 34.1 | 25(+) | 57.1 | 35.7 | 7.1 |
Selling Prices | 47.6 | 42.6 | +5.0 | 30.1 | 25(+) | 57.1 | 33.3 | 9.5 |
Capital Expenditures | 30.9 | 26.7 | +4.2 | 18.1 | 24(+) | 33.3 | 64.3 | 2.4 |
Inventories | 3.1 | 27.8 | –24.7 | 10.6 | 25(+) | 28.9 | 45.3 | 25.8 |
| Companywide Retail Activity | ||||||||
Companywide Sales | 14.6 | 32.4 | –17.8 | 31.5 | 25(+) | 36.3 | 41.9 | 21.7 |
Companywide Internet Sales | 17.2 | 17.1 | +0.1 | 22.8 | 26(+) | 28.6 | 60.0 | 11.4 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –3.5 | 4.9 | –8.4 | 17.4 | 1(–) | 23.1 | 50.3 | 26.6 |
General Business Activity | –3.5 | –1.5 | –2.0 | 13.2 | 2(–) | 23.3 | 49.9 | 26.8 |
*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.
Sign up for our email alert to be automatically notified as soon as the latest Texas Service Sector Outlook Survey is released on the web.