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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

March 26, 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)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

4.0

5.2

–1.2

10.7

2(+)

24.0

55.9

20.0

Employment

–1.2

3.8

–5.0

6.4

1(–)

10.7

77.4

11.9

Part–Time Employment

–1.2

2.8

–4.0

1.5

1(–)

3.2

92.4

4.4

Hours Worked

0.7

0.3

+0.4

2.7

2(+)

7.7

85.3

7.0

Wages and Benefits

19.5

15.4

+4.1

15.8

46(+)

22.3

74.9

2.8

Input Prices

30.4

34.3

–3.9

28.0

47(+)

33.9

62.7

3.5

Selling Prices

7.7

7.7

0.0

7.7

44(+)

18.3

71.1

10.6

Capital Expenditures

6.7

10.3

–3.6

10.0

44(+)

14.9

76.9

8.2

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

Company Outlook

–0.1

3.8

–3.9

4.4

1(–)

12.7

74.4

12.8

General Business Activity

–5.5

–3.9

–1.6

2.5

22(–)

11.2

72.1

16.7

IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

10.2

6.7

+3.5

13.5

34(+)

21.3

67.6

11.1

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

Revenue

39.2

37.8

+1.4

37.4

47(+)

48.9

41.5

9.7

Employment

21.9

20.9

+1.0

23.2

47(+)

30.9

60.1

9.0

Part–Time Employment

5.5

6.8

–1.3

6.7

21(+)

12.0

81.5

6.5

Hours Worked

4.9

5.5

–0.6

5.8

47(+)

11.6

81.7

6.7

Wages and Benefits

36.0

33.7

+2.3

37.4

47(+)

39.6

56.8

3.6

Input Prices

38.1

40.3

–2.2

44.6

207(+)

44.7

48.8

6.6

Selling Prices

24.7

22.5

+2.2

24.7

47(+)

32.9

58.8

8.2

Capital Expenditures

17.4

18.1

–0.7

23.0

46(+)

24.5

68.4

7.1

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

Company Outlook

12.2

15.6

–3.4

15.5

5(+)

23.7

64.8

11.5

General Business Activity

5.4

12.0

–6.6

12.1

4(+)

21.7

62.0

16.3

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

March 26, 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)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–3.4

–5.3

+1.9

3.8

11(–)

23.5

49.6

26.9

Employment

–5.0

2.4

–7.4

1.8

1(–)

7.6

79.8

12.6

Part–Time Employment

1.3

4.5

–3.2

–1.5

2(+)

3.0

95.3

1.7

Hours Worked

–6.3

–4.6

–1.7

–2.1

3(–)

4.7

84.3

11.0

Wages and Benefits

22.4

12.9

+9.5

11.3

44(+)

26.1

70.2

3.7

Input Prices

27.0

22.3

+4.7

22.8

47(+)

33.7

59.6

6.7

Selling Prices

4.4

3.8

+0.6

13.7

46(+)

26.8

50.8

22.4

Capital Expenditures

4.8

12.6

–7.8

7.9

4(+)

12.9

79.0

8.1

Inventories

16.1

18.9

–2.8

2.7

5(+)

34.8

46.5

18.7

Companywide Retail Activity

Companywide Sales

2.4

–12.6

+15.0

5.0

1(+)

24.5

53.5

22.1

Companywide Internet Sales

6.5

–11.8

+18.3

4.1

1(+)

21.0

64.5

14.5

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

Company Outlook

–4.5

–5.0

+0.5

1.9

6(–)

8.7

78.1

13.2

General Business Activity

–15.6

–18.0

+2.4

–2.1

9(–)

8.2

68.0

23.8

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

Outlook Uncertainty

–3.8

9.5

–13.3

11.2

1(–)

9.4

77.4

13.2

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

Sales

33.5

8.7

+24.8

30.6

10(+)

41.3

50.9

7.8

Employment

17.3

9.3

+8.0

12.9

15(+)

23.7

69.9

6.4

Part–Time Employment

8.7

5.8

+2.9

1.6

4(+)

14.1

80.5

5.4

Hours Worked

–0.9

–8.0

+7.1

2.5

2(–)

9.4

80.3

10.3

Wages and Benefits

37.2

22.5

+14.7

29.1

47(+)

39.3

58.7

2.1

Input Prices

39.5

14.0

+25.5

34.0

47(+)

45.8

47.9

6.3

Selling Prices

28.6

2.0

+26.6

29.1

47(+)

40.8

46.9

12.2

Capital Expenditures

10.9

5.4

+5.5

16.8

4(+)

22.7

65.5

11.8

Inventories

15.9

8.6

+7.3

10.7

5(+)

33.0

49.8

17.1

Companywide Retail Activity

Companywide Sales

30.7

8.0

+22.7

29.2

10(+)

38.9

52.9

8.2

Companywide Internet Sales

20.0

5.3

+14.7

21.3

2(+)

22.9

74.3

2.9

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

Company Outlook

15.4

4.2

+11.2

15.1

2(+)

23.4

68.6

8.0

General Business Activity

8.2

–0.9

+9.1

10.4

1(+)

23.0

62.2

14.8

*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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