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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

February 28, 2023

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)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

6.6

4.9

+1.7

11.1

2(+)

31.7

43.1

25.1

Employment

8.8

10.5

–1.7

6.6

31(+)

18.8

71.2

10.0

Part–Time Employment

4.0

1.2

+2.8

1.5

2(+)

8.4

87.2

4.4

Hours Worked

1.8

0.9

+0.9

2.8

2(+)

8.7

84.4

6.9

Wages and Benefits

19.4

21.7

–2.3

15.7

33(+)

23.0

73.4

3.6

Input Prices

40.6

38.8

+1.8

27.5

34(+)

43.3

54.0

2.7

Selling Prices

19.8

18.9

+0.9

7.5

31(+)

27.2

65.4

7.4

Capital Expenditures

10.6

6.4

+4.2

10.1

31(+)

18.2

74.2

7.6

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

Company Outlook

–1.7

–8.3

+6.6

5.0

9(–)

14.5

69.3

16.2

General Business Activity

–9.3

–15.0

+5.7

3.3

9(–)

13.3

64.1

22.6

IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty†

12.9

20.0

–7.1

13.4

21(+)

22.3

68.3

9.4

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

Revenue

42.2

39.4

+2.8

37.8

34(+)

53.2

35.8

11.0

Employment

28.9

24.4

+4.5

23.2

34(+)

36.3

56.2

7.4

Part–Time Employment

5.7

4.4

+1.3

6.9

8(+)

11.7

82.3

6.0

Hours Worked

4.4

1.7

+2.7

6.0

34(+)

8.3

87.8

3.9

Wages and Benefits

40.4

38.7

+1.7

37.3

34(+)

42.7

55.0

2.3

Input Prices

53.7

47.2

+6.5

44.7

194(+)

57.8

38.1

4.1

Selling Prices

31.9

35.2

–3.3

24.6

34(+)

39.6

52.7

7.7

Capital Expenditures

22.4

24.2

–1.8

23.5

33(+)

28.1

66.2

5.7

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

Company Outlook

10.8

6.3

+4.5

16.2

2(+)

23.5

63.8

12.7

General Business Activity

–3.6

–4.4

+0.8

13.0

10(–)

17.3

61.9

20.9

Texas Retail Outlook Survey

Texas Retail Outlook Survey

February 28, 2023

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)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–19.9

–3.0

–16.9

4.5

12(–)

22.9

34.3

42.8

Employment

6.9

2.0

+4.9

1.9

2(+)

14.4

78.1

7.5

Part–Time Employment

1.7

–1.1

+2.8

–1.6

1(+)

7.5

86.7

5.8

Hours Worked

–1.6

–6.1

+4.5

–1.8

3(–)

4.5

89.4

6.1

Wages and Benefits

16.6

26.8

–10.2

11.1

31(+)

21.8

73.0

5.2

Input Prices

33.7

33.3

+0.4

22.5

34(+)

40.7

52.3

7.0

Selling Prices

17.2

23.4

–6.2

14.0

33(+)

31.0

55.2

13.8

Capital Expenditures

10.1

6.9

+3.2

8.1

25(+)

22.2

65.7

12.1

Inventories

9.6

3.2

+6.4

2.2

9(+)

27.8

54.0

18.2

Companywide Retail Activity

Companywide Sales

–13.0

–6.2

–6.8

5.9

12(–)

20.5

46.0

33.5

Companywide Internet Sales

–22.2

–1.6

–20.6

4.8

5(–)

5.5

66.8

27.7

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

Company Outlook

–18.4

–14.5

–3.9

2.6

12(–)

7.7

66.2

26.1

General Business Activity

–18.7

–19.6

+0.9

–1.1

10(–)

9.7

61.9

28.4

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

Outlook Uncertainty†

13.2

5.7

+7.5

10.7

21(+)

25.0

63.2

11.8

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

Sales

11.4

1.8

+9.6

31.7

8(+)

33.5

44.4

22.1

Employment

10.1

6.9

+3.2

13.0

34(+)

19.5

71.1

9.4

Part–Time Employment

–5.4

–1.9

–3.5

1.7

3(–)

4.8

85.0

10.2

Hours Worked

–0.3

–14.4

+14.1

2.8

5(–)

3.5

92.7

3.8

Wages and Benefits

31.2

21.2

+10.0

29.2

34(+)

33.3

64.6

2.1

Input Prices

39.4

23.4

+16.0

34.4

34(+)

52.5

34.4

13.1

Selling Prices

25.8

21.5

+4.3

30.0

34(+)

43.5

38.7

17.7

Capital Expenditures

18.3

19.3

–1.0

17.8

33(+)

28.3

61.7

10.0

Inventories

8.6

4.0

+4.6

10.7

34(+)

30.8

46.9

22.2

Companywide Retail Activity

Companywide Sales

7.2

–0.4

+7.6

30.3

1(+)

27.6

52.0

20.4

Companywide Internet Sales

15.4

7.9

+7.5

22.2

3(+)

21.2

73.1

5.8

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

Company Outlook

–8.0

–8.7

+0.7

16.1

10(–)

11.5

69.1

19.5

General Business Activity

–17.0

–17.0

0.0

11.6

11(–)

10.4

62.2

27.4

*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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