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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

September 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)
IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

8.7

16.2

–7.5

11.0

9(+)

31.2

46.3

22.5

Employment

2.7

9.3

–6.6

6.5

6(+)

15.5

71.6

12.8

Part–Time Employment

–1.7

2.8

–4.5

1.5

1(–)

5.2

87.9

6.9

Hours Worked

3.0

2.4

+0.6

2.8

3(+)

8.7

85.6

5.7

Wages and Benefits

18.5

20.4

–1.9

15.8

40(+)

21.2

76.1

2.7

Input Prices

37.6

37.8

–0.2

27.8

41(+)

39.7

58.2

2.1

Selling Prices

9.8

14.2

–4.4

7.6

38(+)

19.1

71.6

9.3

Capital Expenditures

6.5

9.2

–2.7

10.1

38(+)

14.7

77.1

8.2

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

Company Outlook

–4.4

–1.2

–3.2

4.6

2(–)

13.2

69.2

17.6

General Business Activity

–8.6

–2.7

–5.9

2.8

16(–)

15.5

60.4

24.1

IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

14.8

11.6

+3.2

13.5

28(+)

23.9

67.0

9.1

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

Revenue

31.8

37.3

–5.5

37.6

41(+)

48.2

35.3

16.4

Employment

25.9

27.9

–2.0

23.3

41(+)

37.1

51.7

11.2

Part–Time Employment

0.8

3.6

–2.8

6.7

5(+)

10.1

80.6

9.3

Hours Worked

3.4

10.3

–6.9

5.9

41(+)

10.1

83.2

6.7

Wages and Benefits

42.8

42.4

+0.4

37.5

41(+)

46.6

49.6

3.8

Input Prices

45.6

47.8

–2.2

44.7

201(+)

50.2

45.3

4.6

Selling Prices

26.9

28.2

–1.3

24.7

41(+)

36.5

53.9

9.6

Capital Expenditures

12.1

14.9

–2.8

23.2

40(+)

23.2

65.8

11.1

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

Company Outlook

7.6

9.6

–2.0

15.8

4(+)

24.8

58.0

17.2

General Business Activity

–3.4

3.9

–7.3

12.4

1(–)

20.5

55.6

23.9

Texas Retail Outlook Survey

Texas Retail Outlook Survey

September 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)
IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–4.4

–0.6

–3.8

4.2

5(–)

28.6

38.4

33.0

Employment

0.6

3.0

–2.4

1.9

4(+)

10.4

79.8

9.8

Part–Time Employment

2.3

–1.7

+4.0

–1.6

1(+)

5.6

91.1

3.3

Hours Worked

0.6

–10.1

+10.7

–1.9

1(+)

7.8

85.0

7.2

Wages and Benefits

18.5

19.0

–0.5

11.3

38(+)

20.7

77.1

2.2

Input Prices

30.1

26.9

+3.2

22.7

41(+)

33.7

62.7

3.6

Selling Prices

10.8

16.5

–5.7

13.9

40(+)

23.7

63.4

12.9

Capital Expenditures

13.1

3.7

+9.4

8.1

2(+)

14.8

83.5

1.7

Inventories

13.9

17.2

–3.3

2.5

16(+)

29.0

55.9

15.1

Companywide Retail Activity

Companywide Sales

–9.9

0.3

–10.2

5.5

1(–)

24.6

41.0

34.5

Companywide Internet Sales

–9.2

0.0

–9.2

4.4

1(–)

14.0

62.8

23.2

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

Company Outlook

2.1

–4.5

+6.6

2.3

1(+)

19.5

63.1

17.4

General Business Activity

–10.2

–4.0

–6.2

–1.6

3(–)

20.2

49.4

30.4

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

Outlook Uncertainty

13.2

16.9

–3.7

11.3

28(+)

22.6

67.9

9.4

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

Sales

9.6

20.3

–10.7

31.1

4(+)

32.9

43.8

23.3

Employment

16.9

11.0

+5.9

13.0

41(+)

28.3

60.3

11.4

Part–Time Employment

5.6

–0.2

+5.8

1.5

1(+)

11.9

81.8

6.3

Hours Worked

4.2

0.7

+3.5

2.6

2(+)

10.6

83.0

6.4

Wages and Benefits

34.3

31.0

+3.3

29.2

41(+)

38.0

58.3

3.7

Input Prices

29.4

32.8

–3.4

34.1

41(+)

41.2

47.1

11.8

Selling Prices

13.8

20.7

–6.9

29.4

41(+)

31.4

51.0

17.6

Capital Expenditures

3.9

10.1

–6.2

17.1

2(+)

13.7

76.5

9.8

Inventories

5.8

9.1

–3.3

10.8

41(+)

26.6

52.6

20.8

Companywide Retail Activity

Companywide Sales

11.9

15.4

–3.5

29.6

4(+)

33.9

44.1

22.0

Companywide Internet Sales

4.5

15.6

–11.1

21.6

3(+)

17.8

68.9

13.3

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

Company Outlook

13.8

3.9

+9.9

15.5

4(+)

24.9

64.0

11.1

General Business Activity

–0.3

6.6

–6.9

10.9

1(–)

24.3

51.1

24.6

*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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