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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

December 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)
IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

–0.6

5.5

–6.1

11.1

1(–)

25.1

49.2

25.7

Employment

5.6

8.3

–2.7

6.6

29(+)

18.1

69.4

12.5

Part–Time Employment

–1.3

0.9

–2.2

1.6

1(–)

7.6

83.5

8.9

Hours Worked

–1.7

4.6

–6.3

2.9

1(–)

7.4

83.5

9.1

Wages and Benefits

20.5

25.4

–4.9

15.7

31(+)

25.6

69.3

5.1

Input Prices

43.3

46.2

–2.9

27.4

32(+)

47.7

48.0

4.4

Selling Prices

20.1

17.6

+2.5

7.3

29(+)

28.2

63.7

8.1

Capital Expenditures

10.1

12.7

–2.6

10.1

28(+)

19.0

72.1

8.9

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

Company Outlook

–9.9

–4.1

–5.8

5.2

7(–)

10.0

70.1

19.9

General Business Activity

–19.8

–11.0

–8.8

3.5

7(–)

9.3

61.6

29.1

IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

22.0

23.4

–1.4

13.2

19(+)

31.5

58.9

9.5

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

Revenue

33.3

35.3

–2.0

37.8

32(+)

50.4

32.5

17.1

Employment

19.8

27.1

–7.3

23.2

32(+)

34.5

50.8

14.7

Part–Time Employment

3.9

3.1

+0.8

6.9

6(+)

12.9

78.1

9.0

Hours Worked

6.3

5.0

+1.3

6.0

32(+)

13.3

79.7

7.0

Wages and Benefits

41.0

45.5

–4.5

37.3

32(+)

46.2

48.7

5.2

Input Prices

51.4

50.8

+0.6

44.6

192(+)

56.3

38.8

4.9

Selling Prices

37.9

35.7

+2.2

24.5

32(+)

44.7

48.4

6.8

Capital Expenditures

19.6

22.1

–2.5

23.5

31(+)

31.4

56.7

11.8

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

Company Outlook

–1.1

4.3

–5.4

16.3

1(–)

19.6

59.7

20.7

General Business Activity

–11.7

–6.3

–5.4

13.3

8(–)

18.3

51.7

30.0

Texas Retail Outlook Survey

Texas Retail Outlook Survey

December 28, 2022

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)
IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–12.3

–12.7

+0.4

4.7

10(–)

19.1

49.5

31.4

Employment

–0.5

–4.6

+4.1

1.9

2(–)

13.2

73.0

13.7

Part–Time Employment

–4.9

–4.3

–0.6

–1.6

7(–)

7.6

79.9

12.5

Hours Worked

–10.7

1.7

–12.4

–1.7

1(–)

3.9

81.5

14.6

Wages and Benefits

18.9

10.9

+8.0

11.0

29(+)

24.5

69.9

5.6

Input Prices

33.8

38.7

–4.9

22.3

32(+)

48.1

37.7

14.3

Selling Prices

16.7

13.5

+3.2

13.9

31(+)

36.0

44.7

19.3

Capital Expenditures

5.1

8.8

–3.7

8.1

23(+)

14.1

76.9

9.0

Inventories

13.5

15.7

–2.2

2.2

6(+)

30.7

52.1

17.2

Companywide Retail Activity

Companywide Sales

–11.5

–10.5

–1.0

6.1

8(–)

24.3

40.0

35.8

Companywide Internet Sales

–18.0

–16.0

–2.0

4.9

8(–)

8.3

65.4

26.3

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

Company Outlook

–13.5

–12.3

–1.2

2.8

10(–)

8.5

69.5

22.0

General Business Activity

–33.0

–21.8

–11.2

–0.9

8(–)

4.6

57.8

37.6

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

Outlook Uncertainty†

17.6

27.7

–10.1

10.8

19(+)

29.4

58.8

11.8

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

Sales

10.0

8.6

+1.4

32.1

32(+)

35.3

39.4

25.3

Employment

–1.2

9.1

–10.3

13.1

1(–)

19.5

59.8

20.7

Part–Time Employment

–5.2

2.4

–7.6

1.7

1(–)

11.0

72.8

16.2

Hours Worked

–10.2

–1.8

–8.4

3.0

3(–)

8.7

72.4

18.9

Wages and Benefits

26.1

32.9

–6.8

29.2

32(+)

37.7

50.7

11.6

Input Prices

38.1

39.7

–1.6

34.4

32(+)

50.8

36.5

12.7

Selling Prices

25.4

21.3

+4.1

30.1

32(+)

44.4

36.5

19.0

Capital Expenditures

9.4

11.3

–1.9

17.8

31(+)

25.0

59.4

15.6

Inventories

3.0

12.1

–9.1

10.7

32(+)

31.7

39.7

28.7

Companywide Retail Activity

Companywide Sales

7.8

1.4

+6.4

30.6

32(+)

35.8

36.2

28.0

Companywide Internet Sales

15.4

0.0

+15.4

22.3

1(+)

30.8

53.8

15.4

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

Company Outlook

–12.4

–10.4

–2.0

16.5

8(–)

15.3

57.0

27.7

General Business Activity

–27.7

–17.6

–10.1

12.0

9(–)

12.0

48.3

39.7

*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.

Questions regarding the Texas Service Sector Outlook Survey can be addressed to Christopher Slijk at christopher.slijk@dal.frb.org.

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