Texas Service Sector Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 4.9 | –0.6 | +5.5 | 11.1 | 1(+) | 29.3 | 46.2 | 24.4 |
Employment | 10.5 | 5.3 | +5.2 | 6.6 | 30(+) | 20.8 | 68.9 | 10.3 |
Part–Time Employment | 1.2 | –1.4 | +2.6 | 1.5 | 1(+) | 8.0 | 85.1 | 6.8 |
Hours Worked | 0.9 | –1.8 | +2.7 | 2.8 | 1(+) | 9.5 | 81.9 | 8.6 |
Wages and Benefits | 21.7 | 19.9 | +1.8 | 15.7 | 32(+) | 24.8 | 72.1 | 3.1 |
Input Prices | 38.8 | 43.4 | –4.6 | 27.5 | 33(+) | 42.9 | 53.0 | 4.1 |
Selling Prices | 18.9 | 19.6 | –0.7 | 7.4 | 30(+) | 26.2 | 66.5 | 7.3 |
Capital Expenditures | 6.4 | 9.6 | –3.2 | 10.1 | 30(+) | 16.6 | 73.2 | 10.2 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –8.3 | –11.0 | +2.7 | 5.0 | 8(–) | 12.2 | 67.3 | 20.5 |
General Business Activity | –15.0 | –20.5 | +5.5 | 3.4 | 8(–) | 12.4 | 60.2 | 27.4 |
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 20.0 | 22.0 | –2.0 | 13.4 | 20(+) | 28.2 | 63.6 | 8.2 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Revenue | 39.4 | 32.9 | +6.5 | 37.8 | 33(+) | 51.3 | 36.8 | 11.9 |
Employment | 24.4 | 20.6 | +3.8 | 23.2 | 33(+) | 34.1 | 56.3 | 9.7 |
Part–Time Employment | 4.4 | 3.9 | +0.5 | 6.9 | 7(+) | 10.9 | 82.6 | 6.5 |
Hours Worked | 1.7 | 5.9 | –4.2 | 6.0 | 33(+) | 9.3 | 83.1 | 7.6 |
Wages and Benefits | 38.7 | 40.2 | –1.5 | 37.3 | 33(+) | 43.5 | 51.8 | 4.8 |
Input Prices | 47.2 | 51.5 | –4.3 | 44.7 | 193(+) | 54.0 | 39.2 | 6.8 |
Selling Prices | 35.2 | 38.1 | –2.9 | 24.6 | 33(+) | 42.5 | 50.2 | 7.3 |
Capital Expenditures | 24.2 | 19.7 | +4.5 | 23.5 | 32(+) | 30.7 | 62.8 | 6.5 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 6.3 | –1.7 | +8.0 | 16.2 | 1(+) | 21.9 | 62.5 | 15.6 |
General Business Activity | –4.4 | –13.1 | +8.7 | 13.1 | 9(–) | 19.2 | 57.3 | 23.6 |
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 | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | –3.0 | –12.0 | +9.0 | 4.6 | 11(–) | 27.8 | 41.4 | 30.8 |
Employment | 2.0 | –0.7 | +2.7 | 1.9 | 1(+) | 11.4 | 79.2 | 9.4 |
Part–Time Employment | –1.1 | –5.2 | +4.1 | –1.6 | 9(–) | 10.3 | 78.2 | 11.4 |
Hours Worked | –6.1 | –11.1 | +5.0 | –1.8 | 2(–) | 7.5 | 78.9 | 13.6 |
Wages and Benefits | 26.8 | 18.1 | +8.7 | 11.0 | 30(+) | 29.6 | 67.5 | 2.8 |
Input Prices | 33.3 | 35.0 | –1.7 | 22.4 | 33(+) | 43.5 | 46.2 | 10.2 |
Selling Prices | 23.4 | 16.0 | +7.4 | 13.9 | 32(+) | 35.5 | 52.4 | 12.1 |
Capital Expenditures | 6.9 | 4.8 | +2.1 | 8.1 | 24(+) | 18.2 | 70.6 | 11.3 |
Inventories | 3.2 | 14.2 | –11.0 | 2.2 | 8(+) | 24.5 | 54.3 | 21.3 |
| Companywide Retail Activity | ||||||||
Companywide Sales | –6.2 | –12.9 | +6.7 | 6.0 | 11(–) | 23.0 | 47.8 | 29.2 |
Companywide Internet Sales | –1.6 | –14.0 | +12.4 | 5.0 | 4(–) | 12.3 | 73.8 | 13.9 |
| General Business Conditions, Retail Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –14.5 | –13.0 | –1.5 | 2.8 | 11(–) | 9.3 | 66.9 | 23.8 |
General Business Activity | –19.6 | –33.0 | +13.4 | –1.0 | 9(–) | 10.7 | 59.0 | 30.3 |
| Outlook Uncertainty Current (versus previous month) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 5.7 | 17.6 | –11.9 | 10.7 | 20(+) | 15.7 | 74.3 | 10.0 |
| Business Indicators Relating to Facilities and Products in Texas, Retail Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
| Retail Activity in Texas | ||||||||
Sales | 1.8 | 7.1 | –5.3 | 31.8 | 7(+) | 24.9 | 51.9 | 23.1 |
Employment | 6.9 | 1.1 | +5.8 | 13.0 | 33(+) | 17.9 | 71.1 | 11.0 |
Part–Time Employment | –1.9 | –5.6 | +3.7 | 1.7 | 2(–) | 7.1 | 83.8 | 9.0 |
Hours Worked | –14.4 | –11.7 | –2.7 | 2.8 | 4(–) | 0.3 | 85.0 | 14.7 |
Wages and Benefits | 21.2 | 26.3 | –5.1 | 29.2 | 33(+) | 26.9 | 67.5 | 5.7 |
Input Prices | 23.4 | 38.1 | –14.7 | 34.4 | 33(+) | 42.2 | 39.1 | 18.8 |
Selling Prices | 21.5 | 25.4 | –3.9 | 30.1 | 33(+) | 41.5 | 38.5 | 20.0 |
Capital Expenditures | 19.3 | 9.4 | +9.9 | 17.8 | 32(+) | 27.4 | 64.5 | 8.1 |
Inventories | 4.0 | 3.7 | +0.3 | 10.7 | 33(+) | 26.9 | 50.1 | 22.9 |
| Companywide Retail Activity | ||||||||
Companywide Sales | –0.4 | 6.4 | –6.8 | 30.4 | 1(–) | 22.5 | 54.5 | 22.9 |
Companywide Internet Sales | 7.9 | 15.4 | –7.5 | 22.2 | 2(+) | 21.6 | 64.7 | 13.7 |
| General Business Conditions, Retail Future (six months ahead) | ||||||||
| Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –8.7 | –14.7 | +6.0 | 16.2 | 9(–) | 11.6 | 68.2 | 20.3 |
General Business Activity | –17.0 | –30.0 | +13.0 | 11.7 | 10(–) | 11.6 | 59.8 | 28.6 |
*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.
Questions regarding the Texas Service Sector Outlook Survey can be addressed to Christopher Slijk at christopher.slijk@dal.frb.org.
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