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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

June 27, 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)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

3.6

6.9

–3.3

11.0

6(+)

28.6

46.4

25.0

Employment

9.2

4.2

+5.0

6.5

3(+)

19.8

69.6

10.6

Part–Time Employment

2.2

–1.0

+3.2

1.5

1(+)

7.0

88.2

4.8

Hours Worked

–0.9

–1.4

+0.5

2.8

4(–)

6.6

85.9

7.5

Wages and Benefits

18.6

16.6

+2.0

15.7

37(+)

23.4

71.8

4.8

Input Prices

35.0

31.8

+3.2

27.7

38(+)

38.1

58.8

3.1

Selling Prices

12.8

13.8

–1.0

7.6

35(+)

19.4

74.0

6.6

Capital Expenditures

13.4

11.5

+1.9

10.1

35(+)

21.0

71.4

7.6

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

Company Outlook

–1.4

–9.5

+8.1

4.7

13(–)

15.4

67.8

16.8

General Business Activity

–8.2

–17.3

+9.1

3.0

13(–)

12.8

66.2

21.0

IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

13.4

15.8

–2.4

13.6

25(+)

22.5

68.3

9.1

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

Revenue

34.3

28.5

+5.8

37.6

38(+)

47.6

39.1

13.3

Employment

23.4

25.4

–2.0

23.2

38(+)

33.7

56.1

10.3

Part–Time Employment

0.7

2.7

–2.0

6.8

2(+)

8.3

84.1

7.6

Hours Worked

5.1

5.3

–0.2

5.9

38(+)

9.9

85.3

4.8

Wages and Benefits

42.6

38.4

+4.2

37.4

38(+)

47.2

48.3

4.6

Input Prices

40.7

37.1

+3.6

44.6

198(+)

46.6

47.4

5.9

Selling Prices

24.2

25.9

–1.7

24.6

38(+)

32.8

58.6

8.6

Capital Expenditures

17.7

13.6

+4.1

23.3

37(+)

26.8

64.1

9.1

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

Company Outlook

7.0

–1.3

+8.3

15.8

1(+)

23.9

59.3

16.9

General Business Activity

–1.6

–13.2

+11.6

12.6

14(–)

19.9

58.6

21.5

Texas Retail Outlook Survey

Texas Retail Outlook Survey

June 27, 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)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–7.2

–3.2

–4.0

4.3

2(–)

29.4

34.0

36.6

Employment

12.2

–3.3

+15.5

1.9

1(+)

21.1

70.0

8.9

Part–Time Employment

2.1

–9.3

+11.4

–1.6

1(+)

8.2

85.7

6.1

Hours Worked

–2.3

–2.2

–0.1

–1.9

7(–)

6.3

85.1

8.6

Wages and Benefits

17.9

21.6

–3.7

11.2

35(+)

24.7

68.5

6.8

Input Prices

26.6

24.6

+2.0

22.6

38(+)

36.3

54.0

9.7

Selling Prices

15.2

8.7

+6.5

13.9

37(+)

29.1

57.0

13.9

Capital Expenditures

13.9

11.2

+2.7

8.1

29(+)

22.4

69.1

8.5

Inventories

5.3

17.0

–11.7

2.3

13(+)

24.3

56.7

19.0

Companywide Retail Activity

Companywide Sales

–4.8

–5.7

+0.9

5.7

16(–)

25.1

45.1

29.9

Companywide Internet Sales

–13.0

–3.8

–9.2

4.6

9(–)

9.3

68.4

22.3

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

Company Outlook

–0.7

–9.2

+8.5

2.4

16(–)

16.1

67.1

16.8

General Business Activity

0.4

–22.3

+22.7

–1.5

1(+)

15.6

69.2

15.2

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

Outlook Uncertainty

6.6

12.9

–6.3

10.9

25(+)

13.3

80.0

6.7

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

Sales

18.4

–3.6

+22.0

31.3

1(+)

37.3

43.8

18.9

Employment

6.5

2.7

+3.8

13.0

38(+)

18.2

70.1

11.7

Part–Time Employment

–0.8

–4.4

+3.6

1.6

7(–)

8.2

82.8

9.0

Hours Worked

–5.4

–11.9

+6.5

2.6

9(–)

4.3

86.0

9.7

Wages and Benefits

27.6

18.5

+9.1

29.2

38(+)

32.5

62.6

4.9

Input Prices

17.6

18.3

–0.7

34.2

38(+)

31.6

54.4

14.0

Selling Prices

8.8

1.7

+7.1

29.6

38(+)

26.3

56.1

17.5

Capital Expenditures

3.5

1.7

+1.8

17.4

37(+)

15.8

71.9

12.3

Inventories

18.2

10.9

+7.3

10.8

38(+)

32.5

53.2

14.3

Companywide Retail Activity

Companywide Sales

12.0

–6.3

+18.3

29.8

1(+)

29.7

52.6

17.7

Companywide Internet Sales

0.0

–11.6

+11.6

21.7

1()

17.8

64.4

17.8

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

Company Outlook

6.0

–13.4

+19.4

15.6

1(+)

25.8

54.4

19.8

General Business Activity

–0.2

–25.6

+25.4

11.0

15(–)

16.2

67.3

16.4

*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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