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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

August 29, 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)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

16.2

12.9

+3.3

11.0

8(+)

32.9

50.4

16.7

Employment

9.3

9.2

+0.1

6.6

5(+)

20.4

68.5

11.1

Part–Time Employment

2.8

–0.6

+3.4

1.5

1(+)

7.6

87.6

4.8

Hours Worked

2.4

3.5

–1.1

2.8

2(+)

8.1

86.2

5.7

Wages and Benefits

20.4

16.7

+3.7

15.8

39(+)

22.9

74.6

2.5

Input Prices

37.8

31.7

+6.1

27.8

40(+)

40.9

56.0

3.1

Selling Prices

14.2

9.9

+4.3

7.6

37(+)

20.4

73.4

6.2

Capital Expenditures

9.2

8.9

+0.3

10.1

37(+)

17.0

75.2

7.8

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

Company Outlook

–1.2

0.5

–1.7

4.7

1(–)

12.5

73.8

13.7

General Business Activity

–2.7

–4.2

+1.5

2.9

15(–)

15.2

66.9

17.9

IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

11.6

10.9

+0.7

13.5

27(+)

21.9

67.9

10.3

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

Revenue

37.3

35.6

+1.7

37.6

40(+)

49.4

38.4

12.1

Employment

27.9

29.7

–1.8

23.3

40(+)

39.3

49.4

11.4

Part–Time Employment

3.6

5.4

–1.8

6.8

4(+)

12.2

79.2

8.6

Hours Worked

10.3

2.2

+8.1

5.9

40(+)

15.0

80.3

4.7

Wages and Benefits

42.4

41.8

+0.6

37.4

40(+)

46.3

49.8

3.9

Input Prices

47.8

43.8

+4.0

44.7

200(+)

52.0

43.9

4.2

Selling Prices

28.2

25.9

+2.3

24.7

40(+)

35.5

57.2

7.3

Capital Expenditures

14.9

12.6

+2.3

23.2

39(+)

23.6

67.7

8.7

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

Company Outlook

9.6

11.9

–2.3

15.8

3(+)

22.2

65.2

12.6

General Business Activity

3.9

4.4

–0.5

12.5

2(+)

20.2

63.5

16.3

Texas Retail Outlook Survey

Texas Retail Outlook Survey

August 29, 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)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–0.6

–2.4

+1.8

4.3

4(–)

28.1

43.2

28.7

Employment

3.0

3.2

–0.2

1.9

3(+)

17.0

69.0

14.0

Part–Time Employment

–1.7

–1.3

–0.4

–1.6

2(–)

5.5

87.3

7.2

Hours Worked

–10.1

–7.6

–2.5

–1.9

9(–)

3.3

83.3

13.4

Wages and Benefits

19.0

10.5

+8.5

11.2

37(+)

21.4

76.2

2.4

Input Prices

26.9

20.3

+6.6

22.6

40(+)

37.0

52.9

10.1

Selling Prices

16.5

8.4

+8.1

13.9

39(+)

31.5

53.5

15.0

Capital Expenditures

3.7

–0.2

+3.9

8.0

1(+)

14.2

75.3

10.5

Inventories

17.2

12.0

+5.2

2.5

15(+)

32.0

53.2

14.8

Companywide Retail Activity

Companywide Sales

0.3

–11.9

+12.2

5.6

1(+)

26.2

48.0

25.9

Companywide Internet Sales

0.0

–6.7

+6.7

4.5

1()

15.5

69.0

15.5

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

Company Outlook

–4.5

–10.4

+5.9

2.3

18(–)

10.2

75.1

14.7

General Business Activity

–4.0

–18.1

+14.1

–1.6

2(–)

12.8

70.4

16.8

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

Outlook Uncertainty

16.9

24.6

–7.7

11.2

27(+)

20.3

76.3

3.4

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

Sales

20.3

15.1

+5.2

31.2

3(+)

36.0

48.3

15.7

Employment

11.0

14.2

–3.2

12.9

40(+)

24.5

62.0

13.5

Part–Time Employment

–0.2

–8.2

+8.0

1.5

9(–)

11.3

77.2

11.5

Hours Worked

0.7

–3.7

+4.4

2.6

1(+)

10.8

79.1

10.1

Wages and Benefits

31.0

25.2

+5.8

29.1

40(+)

36.2

58.6

5.2

Input Prices

32.8

17.0

+15.8

34.1

40(+)

41.4

50.0

8.6

Selling Prices

20.7

11.3

+9.4

29.5

40(+)

32.8

55.2

12.1

Capital Expenditures

10.1

0.0

+10.1

17.2

1(+)

18.6

72.9

8.5

Inventories

9.1

10.7

–1.6

10.8

40(+)

29.3

50.5

20.2

Companywide Retail Activity

Companywide Sales

15.4

22.3

–6.9

29.7

3(+)

34.2

47.0

18.8

Companywide Internet Sales

15.6

17.7

–2.1

21.7

2(+)

26.7

62.2

11.1

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

Company Outlook

3.9

5.1

–1.2

15.5

3(+)

15.9

72.1

12.0

General Business Activity

6.6

5.0

+1.6

11.0

2(+)

20.4

65.8

13.8

*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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