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Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

December 31, 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)
IndicatorDec IndexNov IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting
No Change		% Reporting Decrease

Revenue

13.8

10.9

+2.9

10.6

11(+)

31.7

50.4

17.9

Employment

2.4

5.1

–2.7

6.2

2(+)

13.3

75.8

10.9

Part–Time Employment

–0.3

2.5

–2.8

1.3

1(–)

4.6

90.5

4.9

Hours Worked

–1.2

4.8

–6.0

2.6

1(–)

5.1

88.6

6.3

Wages and Benefits

15.8

16.4

–0.6

15.8

55(+)

18.3

79.2

2.5

Input Prices

23.8

19.0

+4.8

27.9

56(+)

28.0

67.8

4.2

Selling Prices

8.0

2.8

+5.2

7.5

53(+)

15.5

77.0

7.5

Capital Expenditures

8.6

10.3

–1.7

9.9

53(+)

14.7

79.2

6.1

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

Company Outlook

11.7

10.1

+1.6

4.3

4(+)

21.7

68.3

10.0

General Business Activity

9.6

9.8

–0.2

2.3

3(+)

19.7

70.2

10.1

IndicatorDec IndexNov IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting
No Change		% Reporting Decrease

Outlook Uncertainty

0.1

1.8

–1.7

13.1

43(+)

17.5

65.1

17.4

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

Revenue

48.5

44.0

+4.5

37.4

56(+)

57.3

33.9

8.8

Employment

29.5

28.1

+1.4

23.0

56(+)

35.3

58.9

5.8

Part–Time Employment

11.7

6.5

+5.2

6.6

7(+)

14.5

82.7

2.8

Hours Worked

7.2

10.0

–2.8

5.9

56(+)

10.8

85.6

3.6

Wages and Benefits

42.3

39.8

+2.5

37.4

56(+)

43.1

56.1

0.8

Input Prices

41.8

36.9

+4.9

44.3

216(+)

47.3

47.1

5.5

Selling Prices

29.0

25.4

+3.6

24.5

56(+)

36.6

55.8

7.6

Capital Expenditures

23.8

24.1

–0.3

22.8

55(+)

30.1

63.6

6.3

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

Company Outlook

31.2

30.1

+1.1

15.6

14(+)

39.2

52.8

8.0

General Business Activity

29.5

29.8

–0.3

12.1

8(+)

39.4

50.7

9.9

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

December 31, 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)
IndicatorDec IndexNov IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting
No Change		% Reporting Decrease
Retail Activity in Texas

Sales

17.3

4.6

+12.7

3.3

2(+)

36.2

44.9

18.9

Employment

0.5

5.7

–5.2

1.6

2(+)

8.9

82.7

8.4

Part–Time Employment

4.2

1.0

+3.2

–1.6

2(+)

8.2

87.8

4.0

Hours Worked

–1.7

9.9

–11.6

–2.2

1(–)

5.2

87.9

6.9

Wages and Benefits

12.9

18.0

–5.1

11.2

53(+)

14.8

83.3

1.9

Input Prices

13.4

9.0

+4.4

22.4

56(+)

25.2

63.0

11.8

Selling Prices

7.5

0.1

+7.4

13.1

2(+)

18.9

69.7

11.4

Capital Expenditures

2.9

14.2

–11.3

7.6

2(+)

11.0

80.9

8.1

Inventories

1.0

16.6

–15.6

2.8

5(+)

19.0

63.1

18.0

Companywide Retail Activity

Companywide Sales

19.4

8.4

+11.0

4.5

2(+)

34.3

50.8

14.9

Companywide Internet Sales

11.8

9.4

+2.4

3.9

2(+)

24.1

63.6

12.3

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

Company Outlook

7.7

11.9

–4.2

1.4

2(+)

20.9

65.9

13.2

General Business Activity

3.6

8.2

–4.6

–2.6

2(+)

16.5

70.6

12.9

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

Outlook Uncertainty

–6.1

8.4

–14.5

11.0

1(–)

14.3

65.3

20.4

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

Sales

32.0

25.3

+6.7

30.3

19(+)

44.0

44.0

12.0

Employment

12.8

18.1

–5.3

12.6

3(+)

16.9

79.0

4.1

Part–Time Employment

6.2

2.1

+4.1

1.6

3(+)

10.8

84.6

4.6

Hours Worked

4.1

5.0

–0.9

2.4

3(+)

6.2

91.7

2.1

Wages and Benefits

30.2

26.3

+3.9

29.0

56(+)

32.6

65.0

2.4

Input Prices

41.3

22.3

+19.0

33.8

56(+)

47.8

45.7

6.5

Selling Prices

36.9

20.0

+16.9

28.6

56(+)

47.8

41.3

10.9

Capital Expenditures

11.9

17.2

–5.3

16.6

3(+)

18.5

74.9

6.6

Inventories

22.4

2.8

+19.6

10.8

14(+)

33.4

55.6

11.0

Companywide Retail Activity

Companywide Sales

17.6

29.1

–11.5

28.7

19(+)

35.5

46.5

17.9

Companywide Internet Sales

17.2

20.5

–3.3

21.0

11(+)

28.6

60.0

11.4

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

Company Outlook

30.1

29.1

+1.0

15.0

3(+)

40.7

48.6

10.6

General Business Activity

23.7

28.7

–5.0

10.5

3(+)

37.2

49.4

13.5

*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 Jesus Cañas at jesus.canas@dal.frb.org.

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