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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

May 31, 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)
IndicatorMay IndexApr IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

6.9

6.9

0.0

11.0

5(+)

27.0

52.9

20.1

Employment

4.2

5.5

–1.3

6.5

2(+)

14.7

74.8

10.5

Part–Time Employment

–1.0

–3.7

+2.7

1.5

2(–)

4.8

89.4

5.8

Hours Worked

–1.4

–0.3

–1.1

2.8

3(–)

5.6

87.4

7.0

Wages and Benefits

16.6

18.4

–1.8

15.7

36(+)

20.8

75.0

4.2

Input Prices

31.8

35.5

–3.7

27.7

37(+)

36.2

59.4

4.4

Selling Prices

13.8

16.1

–2.3

7.6

34(+)

21.6

70.6

7.8

Capital Expenditures

11.5

10.3

+1.2

10.1

34(+)

20.4

70.7

8.9

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

Company Outlook

–9.5

–9.4

–0.1

4.8

12(–)

10.8

68.9

20.3

General Business Activity

–17.3

–14.4

–2.9

3.0

12(–)

11.6

59.5

28.9

IndicatorMay IndexApr IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

15.8

16.1

–0.3

13.6

null

27.1

61.6

11.3

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

Revenue

28.5

26.0

+2.5

37.7

37(+)

45.2

38.2

16.7

Employment

25.4

22.1

+3.3

23.2

37(+)

35.3

54.8

9.9

Part–Time Employment

2.7

–0.2

+2.9

6.8

1(+)

11.4

79.9

8.7

Hours Worked

5.3

1.1

+4.2

5.9

37(+)

11.4

82.5

6.1

Wages and Benefits

38.4

42.9

–4.5

37.4

37(+)

43.0

52.4

4.6

Input Prices

37.1

47.7

–10.6

44.7

197(+)

46.2

44.6

9.1

Selling Prices

25.9

27.6

–1.7

24.6

37(+)

35.8

54.3

9.9

Capital Expenditures

13.6

16.0

–2.4

23.4

36(+)

25.5

62.6

11.9

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

Company Outlook

–1.3

–3.8

+2.5

15.9

3(–)

21.4

56.0

22.7

General Business Activity

–13.2

–13.0

–0.2

12.6

13(–)

16.2

54.4

29.4

Texas Retail Outlook Survey

Texas Retail Outlook Survey

May 31, 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)
IndicatorMay IndexApr IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–3.2

3.2

–6.4

4.4

1(–)

25.2

46.5

28.4

Employment

–3.3

1.6

–4.9

1.9

1(–)

10.3

76.1

13.6

Part–Time Employment

–9.3

–0.5

–8.8

–1.6

3(–)

1.9

86.9

11.2

Hours Worked

–2.2

–7.0

+4.8

–1.9

6(–)

7.2

83.4

9.4

Wages and Benefits

21.6

9.3

+12.3

11.2

34(+)

24.1

73.4

2.5

Input Prices

24.6

37.7

–13.1

22.6

37(+)

37.2

50.2

12.6

Selling Prices

8.7

17.3

–8.6

13.9

36(+)

29.3

50.1

20.6

Capital Expenditures

11.2

4.4

+6.8

8.1

28(+)

22.9

65.4

11.7

Inventories

17.0

2.8

+14.2

2.3

12(+)

34.9

47.2

17.9

Companywide Retail Activity

Companywide Sales

–5.7

–0.9

–4.8

5.7

15(–)

22.5

49.3

28.2

Companywide Internet Sales

–3.8

–4.6

+0.8

4.7

8(–)

10.9

74.4

14.7

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

Company Outlook

–9.2

–16.1

+6.9

2.4

15(–)

9.9

71.0

19.1

General Business Activity

–22.3

–27.1

+4.8

–1.5

13(–)

10.1

57.5

32.4

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

Outlook Uncertainty

12.9

11.8

+1.1

11.0

null

22.6

67.7

9.7

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

Sales

–3.6

15.7

–19.3

31.4

1(–)

27.7

41.0

31.3

Employment

2.7

15.7

–13.0

13.0

37(+)

18.2

66.3

15.5

Part–Time Employment

–4.4

–4.9

+0.5

1.6

6(–)

9.4

76.8

13.8

Hours Worked

–11.9

–3.3

–8.6

2.6

8(–)

3.7

80.7

15.6

Wages and Benefits

18.5

39.8

–21.3

29.2

37(+)

24.3

69.9

5.8

Input Prices

18.3

43.4

–25.1

34.3

37(+)

38.3

41.7

20.0

Selling Prices

1.7

22.6

–20.9

29.7

37(+)

27.1

47.5

25.4

Capital Expenditures

1.7

3.7

–2.0

17.5

36(+)

20.3

61.0

18.6

Inventories

10.9

22.3

–11.4

10.8

37(+)

35.9

39.1

25.0

Companywide Retail Activity

Companywide Sales

–6.3

12.2

–18.5

29.9

1(–)

21.2

51.3

27.5

Companywide Internet Sales

–11.6

4.6

–16.2

21.8

1(–)

14.0

60.5

25.6

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

Company Outlook

–13.4

–11.5

–1.9

15.7

13(–)

16.2

54.2

29.6

General Business Activity

–25.6

–20.8

–4.8

11.1

14(–)

12.8

48.8

38.4

*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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