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Texas Service Sector Outlook Survey

June 28, 2022

Results Table

Report


Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Current (versus previous month)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

9.4

6.3

+3.1

11.3

23(+)

30.6

48.2

21.2

Employment

7.6

8.1

–0.5

6.5

23(+)

19.2

69.2

11.6

Part–Time Employment

1.9

3.0

–1.1

1.6

19(+)

5.8

90.3

3.9

Hours Worked

4.9

5.6

–0.7

2.9

22(+)

10.4

84.1

5.5

Wages and Benefits

34.6

35.0

–0.4

15.4

25(+)

37.4

59.8

2.8

Input Prices

55.8

53.5

+2.3

26.8

26(+)

58.0

39.8

2.2

Selling Prices

29.4

32.6

–3.2

6.9

23(+)

34.1

61.2

4.7

Capital Expenditures

12.1

14.7

–2.6

10.0

22(+)

19.4

73.3

7.3

General Business Conditions
Current (versus previous month)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

–14.7

0.9

–15.6

5.5

1(–)

12.6

60.1

27.3

General Business Activity

–12.4

1.5

–13.9

4.0

1(–)

14.9

57.8

27.3

IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

41.2

25.2

+16.0

12.3

13(+)

49.6

42.0

8.4

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

19.0

35.5

–16.5

37.9

26(+)

41.2

36.5

22.2

Employment

23.4

32.9

–9.5

23.0

26(+)

33.3

56.8

9.9

Part–Time Employment

–0.3

8.6

–8.9

7.0

1(–)

7.2

85.3

7.5

Hours Worked

2.8

8.8

–6.0

6.0

26(+)

9.3

84.2

6.5

Wages and Benefits

50.5

50.5

0.0

37.0

26(+)

53.5

43.5

3.0

Input Prices

66.4

61.9

+4.5

44.3

186(+)

68.3

29.9

1.9

Selling Prices

36.6

40.4

–3.8

24.1

26(+)

44.3

48.0

7.7

Capital Expenditures

20.8

28.5

–7.7

23.6

25(+)

31.6

57.6

10.8

General Business Conditions
Future (six months ahead)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

–18.4

0.2

–18.6

16.8

1(–)

16.2

49.1

34.6

General Business Activity

–24.0

–3.9

–20.1

13.9

2(–)

15.0

45.9

39.0


Texas Retail Outlook Survey

June 28, 2022

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)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–11.0

–11.9

+0.9

5.2

4(–)

24.7

39.5

35.7

Employment

–3.3

0.8

–4.1

1.9

1(–)

11.3

74.1

14.6

Part–Time Employment

–8.1

0.2

–8.3

–1.6

1(–)

2.6

86.7

10.7

Hours Worked

–6.1

1.4

–7.5

–1.7

1(–)

6.5

80.9

12.6

Wages and Benefits

30.4

31.1

–0.7

10.8

23(+)

37.9

54.6

7.5

Input Prices

49.9

50.1

–0.2

21.7

26(+)

58.0

33.9

8.1

Selling Prices

37.1

42.5

–5.4

13.5

1(+)

50.2

36.7

13.1

Capital Expenditures

10.4

12.6

–2.2

8.1

17(+)

20.2

70.0

9.8

Inventories

–0.2

–1.3

+1.1

1.9

6(–)

24.5

50.8

24.7

Companywide Retail Activity

Companywide Sales

–7.8

–12.9

+5.1

6.7

2(–)

26.2

39.8

34.0

Companywide Internet Sales

–10.4

–18.2

+7.8

5.5

2(–)

10.8

68.0

21.2

General Business Conditions, Retail
Current (versus previous month)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

–22.2

–4.1

–18.1

3.3

4(–)

12.3

53.2

34.5

General Business Activity

–25.2

–3.2

–22.0

–0.2

2(–)

16.1

42.6

41.3

Outlook Uncertainty
Current (versus previous month)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

42.3

18.2

+24.1

10.1

13(+)

53.8

34.6

11.5

Business Indicators Relating to Facilities and Products in Texas, Retail
Future (six months ahead)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

0.9

18.3

–17.4

32.5

1(+)

28.3

44.3

27.4

Employment

10.3

22.0

–11.7

13.3

26(+)

28.9

52.5

18.6

Part–Time Employment

–0.8

0.5

–1.3

1.7

1(–)

10.7

77.8

11.5

Hours Worked

–7.4

4.0

–11.4

3.1

1(–)

6.4

79.8

13.8

Wages and Benefits

43.6

50.1

–6.5

29.0

26(+)

49.5

44.6

5.9

Input Prices

58.5

50.0

+8.5

34.3

26(+)

64.2

30.2

5.7

Selling Prices

41.5

47.6

–6.1

30.2

26(+)

58.5

24.5

17.0

Capital Expenditures

21.2

30.9

–9.7

18.1

25(+)

32.7

55.8

11.5

Inventories

23.4

3.1

+20.3

10.6

26(+)

42.3

38.8

18.9

Companywide Retail Activity

Companywide Sales

4.0

14.6

–10.6

31.3

26(+)

32.3

39.3

28.3

Companywide Internet Sales

5.1

17.2

–12.1

22.8

27(+)

20.5

64.1

15.4

General Business Conditions, Retail
Future (six months ahead)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

–13.8

–3.5

–10.3

17.3

2(–)

21.4

43.3

35.2

General Business Activity

–26.8

–3.5

–23.3

12.8

4(–)

17.7

37.7

44.5

*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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