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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

April 25, 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)
IndicatorApr IndexMar IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

6.9

5.5

+1.4

11.0

4(+)

27.9

51.1

21.0

Employment

5.5

–0.4

+5.9

6.5

1(+)

18.0

69.5

12.5

Part–Time Employment

–3.7

1.4

–5.1

1.5

1(–)

4.5

87.3

8.2

Hours Worked

–0.3

–1.8

+1.5

2.8

2(–)

8.8

82.1

9.1

Wages and Benefits

18.4

19.8

–1.4

15.7

35(+)

21.7

75.0

3.3

Input Prices

35.5

38.3

–2.8

27.6

36(+)

40.1

55.3

4.6

Selling Prices

16.1

11.4

+4.7

7.5

33(+)

24.4

67.3

8.3

Capital Expenditures

10.3

7.4

+2.9

10.1

33(+)

19.8

70.7

9.5

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

Company Outlook

–9.4

–11.3

+1.9

4.8

11(–)

12.7

65.2

22.1

General Business Activity

–14.4

–18.0

+3.6

3.1

11(–)

11.9

61.8

26.3

IndicatorApr IndexMar IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

16.1

22.8

–6.7

13.5

null

26.9

62.4

10.8

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

Revenue

26.0

34.4

–8.4

37.7

36(+)

43.4

39.3

17.4

Employment

22.1

21.5

+0.6

23.2

36(+)

33.7

54.7

11.6

Part–Time Employment

–0.2

2.4

–2.6

6.8

1(–)

8.8

82.2

9.0

Hours Worked

1.1

1.6

–0.5

5.9

36(+)

9.6

81.9

8.5

Wages and Benefits

42.9

36.9

+6.0

37.4

36(+)

46.1

50.8

3.2

Input Prices

47.7

42.1

+5.6

44.7

196(+)

51.0

45.7

3.3

Selling Prices

27.6

24.4

+3.2

24.6

36(+)

36.9

53.8

9.3

Capital Expenditures

16.0

13.1

+2.9

23.4

35(+)

25.0

66.1

9.0

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

Company Outlook

–3.8

–5.3

+1.5

16.0

2(–)

18.4

59.4

22.2

General Business Activity

–13.0

–12.2

–0.8

12.8

12(–)

14.6

57.8

27.6

Texas Retail Outlook Survey

Texas Retail Outlook Survey

April 25, 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)
IndicatorApr IndexMar IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

3.2

0.8

+2.4

4.4

2(+)

27.6

48.1

24.4

Employment

1.6

–6.8

+8.4

1.9

1(+)

9.8

82.0

8.2

Part–Time Employment

–0.5

–0.4

–0.1

–1.6

2(–)

5.5

88.5

6.0

Hours Worked

–7.0

–10.9

+3.9

–1.9

5(–)

6.3

80.4

13.3

Wages and Benefits

9.3

19.7

–10.4

11.1

33(+)

15.4

78.5

6.1

Input Prices

37.7

30.0

+7.7

22.6

36(+)

45.7

46.2

8.0

Selling Prices

17.3

6.8

+10.5

13.9

35(+)

34.7

47.9

17.4

Capital Expenditures

4.4

5.9

–1.5

8.0

27(+)

18.3

67.8

13.9

Inventories

2.8

4.9

–2.1

2.3

11(+)

26.5

49.7

23.7

Companywide Retail Activity

Companywide Sales

–0.9

–8.2

+7.3

5.8

14(–)

25.2

48.8

26.1

Companywide Internet Sales

–4.6

–9.9

+5.3

4.7

7(–)

15.7

64.0

20.3

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

Company Outlook

–16.1

–15.7

–0.4

2.5

14(–)

11.2

61.5

27.3

General Business Activity

–27.1

–26.9

–0.2

–1.4

12(–)

3.0

66.9

30.1

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

Outlook Uncertainty

11.8

25.4

–13.6

11.0

null

23.7

64.4

11.9

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

Sales

15.7

16.7

–1.0

31.6

10(+)

39.4

37.0

23.7

Employment

15.7

10.8

+4.9

13.0

36(+)

29.0

57.7

13.3

Part–Time Employment

–4.9

–1.5

–3.4

1.6

5(–)

7.5

80.1

12.4

Hours Worked

–3.3

–11.9

+8.6

2.7

7(–)

9.4

77.9

12.7

Wages and Benefits

39.8

25.3

+14.5

29.2

36(+)

42.5

54.8

2.7

Input Prices

43.4

20.0

+23.4

34.4

36(+)

49.1

45.3

5.7

Selling Prices

22.6

5.1

+17.5

29.9

36(+)

39.6

43.4

17.0

Capital Expenditures

3.7

1.6

+2.1

17.6

35(+)

18.5

66.7

14.8

Inventories

22.3

17.8

+4.5

10.8

36(+)

39.0

44.3

16.7

Companywide Retail Activity

Companywide Sales

12.2

11.9

+0.3

30.1

3(+)

37.8

36.6

25.6

Companywide Internet Sales

4.6

4.2

+0.4

22.0

5(+)

18.6

67.4

14.0

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

Company Outlook

–11.5

–9.0

–2.5

15.8

12(–)

13.9

60.7

25.4

General Business Activity

–20.8

–17.1

–3.7

11.3

13(–)

11.6

56.0

32.4

*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.

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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