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Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

January 28, 2025

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

5.7

13.9

–8.2

10.6

12(+)

26.5

52.8

20.8

Employment

–1.4

2.3

–3.7

6.2

1(–)

9.8

79.1

11.2

Part–Time Employment

4.5

–0.4

+4.9

1.4

1(+)

7.5

89.6

3.0

Hours Worked

3.6

–1.0

+4.6

2.6

1(+)

9.3

85.1

5.7

Wages and Benefits

15.7

15.3

+0.4

15.7

56(+)

16.9

81.8

1.2

Input Prices

27.4

23.7

+3.7

27.8

57(+)

30.3

66.7

2.9

Selling Prices

13.7

7.7

+6.0

7.6

54(+)

20.5

72.6

6.8

Capital Expenditures

12.5

8.5

+4.0

9.9

54(+)

15.3

81.9

2.8

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

Company Outlook

14.8

12.0

+2.8

4.4

5(+)

20.5

73.8

5.7

General Business Activity

7.4

10.8

–3.4

2.4

4(+)

17.1

73.1

9.7

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

Outlook Uncertainty

3.0

1.6

+1.4

13.0

44(+)

19.3

64.4

16.3

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

55.0

49.0

+6.0

37.5

57(+)

61.4

32.2

6.4

Employment

35.7

29.4

+6.3

23.1

57(+)

41.4

52.9

5.7

Part–Time Employment

7.1

11.7

–4.6

6.6

8(+)

11.5

84.1

4.4

Hours Worked

11.8

7.5

+4.3

5.9

57(+)

15.0

81.9

3.2

Wages and Benefits

45.6

44.1

+1.5

37.5

57(+)

47.9

49.8

2.3

Input Prices

43.4

41.9

+1.5

44.3

217(+)

47.5

48.4

4.1

Selling Prices

24.1

29.1

–5.0

24.5

57(+)

31.5

61.0

7.4

Capital Expenditures

24.2

23.9

+0.3

22.8

56(+)

27.7

68.7

3.5

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

Company Outlook

35.4

31.5

+3.9

15.7

14(+)

42.9

49.7

7.5

General Business Activity

31.2

29.9

+1.3

12.2

9(+)

41.2

49.0

10.0

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

January 28, 2025

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

–19.0

17.2

–36.2

3.2

1(–)

22.9

35.2

41.9

Employment

–9.1

0.4

–9.5

1.6

1(–)

6.0

78.9

15.1

Part–Time Employment

6.4

4.2

+2.2

–1.5

3(+)

11.9

82.5

5.5

Hours Worked

–4.8

–1.8

–3.0

–2.2

2(–)

6.1

83.1

10.9

Wages and Benefits

12.2

12.2

0.0

11.2

54(+)

13.5

85.1

1.3

Input Prices

32.2

13.5

+18.7

22.4

57(+)

35.7

60.8

3.5

Selling Prices

18.5

6.9

+11.6

13.1

2(+)

32.4

53.6

13.9

Capital Expenditures

6.4

2.5

+3.9

7.6

3(+)

13.5

79.4

7.1

Inventories

11.5

2.2

+9.3

2.8

6(+)

20.7

70.1

9.2

Companywide Retail Activity

Companywide Sales

–7.0

19.2

–26.2

4.4

1(–)

21.6

49.8

28.6

Companywide Internet Sales

–7.1

11.6

–18.7

3.9

1(–)

6.6

79.7

13.7

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

Company Outlook

7.7

7.8

–0.1

1.5

3(+)

13.4

80.9

5.7

General Business Activity

–4.5

4.8

–9.3

–2.6

1(–)

11.7

72.1

16.2

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

Outlook Uncertainty

5.7

0.9

+4.8

11.0

6(+)

17.6

70.5

11.9

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

51.6

32.6

+19.0

30.4

20(+)

61.1

29.3

9.5

Employment

28.9

10.3

+18.6

12.6

4(+)

34.6

59.8

5.7

Part–Time Employment

0.9

5.8

–4.9

1.5

4(+)

9.0

82.9

8.1

Hours Worked

–1.0

4.6

–5.6

2.4

1(–)

7.9

83.2

8.9

Wages and Benefits

31.9

34.6

–2.7

29.1

57(+)

33.1

65.7

1.2

Input Prices

35.1

41.3

–6.2

33.8

57(+)

43.2

48.6

8.1

Selling Prices

15.7

36.9

–21.2

28.5

57(+)

28.9

57.9

13.2

Capital Expenditures

17.3

13.7

+3.6

16.6

14(+)

26.4

64.5

9.1

Inventories

12.2

21.4

–9.2

10.8

15(+)

29.1

54.0

16.9

Companywide Retail Activity

Companywide Sales

38.3

17.8

+20.5

28.8

20(+)

47.4

43.6

9.1

Companywide Internet Sales

33.4

17.2

+16.2

21.1

12(+)

36.7

60.0

3.3

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

Company Outlook

22.0

29.4

–7.4

15.1

4(+)

33.9

54.2

11.9

General Business Activity

19.4

22.3

–2.9

10.5

4(+)

35.3

48.9

15.9

*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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