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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

January 30, 2024

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)
IndicatorJan IndexDec IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

–3.6

4.0

–7.6

10.8

1(–)

23.6

49.2

27.2

Employment

2.5

3.2

–0.7

6.4

3(+)

15.2

72.0

12.7

Part–Time Employment

–0.6

0.7

–1.3

1.5

1(–)

6.6

86.1

7.2

Hours Worked

–4.5

–0.3

–4.2

2.7

4(–)

6.1

83.4

10.6

Wages and Benefits

17.0

15.8

+1.2

15.8

44(+)

21.0

75.0

4.0

Input Prices

33.6

35.9

–2.3

28.0

45(+)

37.1

59.4

3.5

Selling Prices

8.7

12.9

–4.2

7.7

42(+)

18.2

72.3

9.5

Capital Expenditures

6.0

9.3

–3.3

10.0

42(+)

16.2

73.5

10.2

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

Company Outlook

–4.9

–0.2

–4.7

4.5

6(–)

12.4

70.4

17.3

General Business Activity

–9.3

–8.8

–0.5

2.6

20(–)

11.9

66.8

21.2

IndicatorJan IndexDec IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

14.7

12.6

+2.1

13.6

32(+)

25.0

64.8

10.3

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

Revenue

36.7

33.6

+3.1

37.4

45(+)

49.6

37.5

12.9

Employment

17.0

23.3

–6.3

23.2

45(+)

27.3

62.4

10.3

Part–Time Employment

8.9

6.9

+2.0

6.7

19(+)

14.9

79.2

6.0

Hours Worked

3.5

6.8

–3.3

5.9

45(+)

9.6

84.3

6.1

Wages and Benefits

32.5

39.5

–7.0

37.5

45(+)

37.6

57.2

5.1

Input Prices

44.3

44.8

–0.5

44.7

205(+)

48.9

46.5

4.6

Selling Prices

25.3

28.2

–2.9

24.7

45(+)

36.3

52.7

11.0

Capital Expenditures

18.5

19.6

–1.1

23.1

44(+)

27.4

63.7

8.9

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

Company Outlook

8.6

7.3

+1.3

15.5

3(+)

23.2

62.2

14.6

General Business Activity

4.6

4.2

+0.4

12.1

2(+)

23.7

57.2

19.1

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

January 30, 2024

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)
IndicatorJan IndexDec IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–28.6

–2.2

–26.4

3.9

9(–)

18.1

35.2

46.7

Employment

–8.4

4.2

–12.6

1.8

1(–)

5.2

81.2

13.6

Part–Time Employment

–4.0

7.7

–11.7

–1.5

1(–)

6.8

82.4

10.8

Hours Worked

–16.9

0.4

–17.3

–2.0

1(–)

5.2

72.6

22.1

Wages and Benefits

8.5

12.2

–3.7

11.2

42(+)

17.4

73.7

8.9

Input Prices

33.4

32.4

+1.0

22.8

45(+)

40.8

51.8

7.4

Selling Prices

8.5

12.6

–4.1

13.8

44(+)

28.2

52.1

19.7

Capital Expenditures

2.5

5.3

–2.8

7.9

2(+)

16.7

69.2

14.2

Inventories

9.1

9.9

–0.8

2.6

3(+)

28.0

53.1

18.9

Companywide Retail Activity

Companywide Sales

–23.2

–5.8

–17.4

5.1

5(–)

20.1

36.6

43.3

Companywide Internet Sales

–16.9

–4.9

–12.0

4.2

5(–)

8.0

67.1

24.9

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

Company Outlook

–17.8

–7.8

–10.0

2.0

4(–)

7.7

66.8

25.5

General Business Activity

–25.4

–23.7

–1.7

–2.0

7(–)

7.7

59.3

33.1

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

Outlook Uncertainty

15.8

17.3

–1.5

11.4

2(+)

26.3

63.2

10.5

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

Sales

19.1

24.5

–5.4

30.7

8(+)

34.3

50.6

15.2

Employment

11.4

18.9

–7.5

12.9

13(+)

17.7

76.0

6.3

Part–Time Employment

11.9

7.1

+4.8

1.6

2(+)

16.2

79.5

4.3

Hours Worked

2.2

6.2

–4.0

2.5

3(+)

8.8

84.6

6.6

Wages and Benefits

25.4

24.4

+1.0

29.1

45(+)

28.3

68.7

2.9

Input Prices

39.2

34.0

+5.2

34.1

45(+)

45.1

49.0

5.9

Selling Prices

21.2

16.4

+4.8

29.2

45(+)

40.4

40.4

19.2

Capital Expenditures

11.5

15.1

–3.6

16.9

2(+)

22.2

67.1

10.7

Inventories

3.6

16.4

–12.8

10.7

3(+)

27.6

48.4

24.0

Companywide Retail Activity

Companywide Sales

1.9

21.8

–19.9

29.3

8(+)

25.2

51.6

23.3

Companywide Internet Sales

0.0

19.2

–19.2

21.4

1()

17.9

64.1

17.9

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

Company Outlook

–1.7

–0.7

–1.0

15.2

4(–)

17.4

63.5

19.1

General Business Activity

–9.3

–5.3

–4.0

10.5

5(–)

18.4

53.9

27.7

*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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