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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

July 1, 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)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

–4.1

–4.7

+0.6

10.4

2(–)

21.1

53.7

25.2

Employment

–1.2

–0.2

–1.0

6.0

3(–)

9.7

79.4

10.9

Part–Time Employment

–1.7

–0.7

–1.0

1.3

4(–)

3.4

91.5

5.1

Hours Worked

0.0

–1.2

+1.2

2.5

1()

6.9

86.2

6.9

Wages and Benefits

8.6

9.7

–1.1

15.6

61(+)

13.6

81.4

5.0

Input Prices

21.3

20.5

+0.8

27.8

62(+)

25.9

69.5

4.6

Selling Prices

6.8

5.2

+1.6

7.5

59(+)

13.1

80.6

6.3

Capital Expenditures

7.5

4.4

+3.1

9.8

59(+)

14.6

78.3

7.1

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

Company Outlook

–2.4

–8.3

+5.9

4.1

4(–)

13.5

70.5

15.9

General Business Activity

–4.4

–10.1

+5.7

2.1

4(–)

14.7

66.2

19.1

IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

19.7

18.7

+1.0

13.6

49(+)

29.3

61.1

9.6

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

Revenue

33.4

27.2

+6.2

37.3

62(+)

47.9

37.6

14.5

Employment

19.9

17.6

+2.3

23.0

62(+)

28.9

62.1

9.0

Part–Time Employment

–1.2

3.2

–4.4

6.5

1(–)

6.9

85.0

8.1

Hours Worked

0.1

4.7

–4.6

5.9

2(+)

7.3

85.5

7.2

Wages and Benefits

38.4

34.2

+4.2

37.4

62(+)

41.3

55.7

2.9

Input Prices

31.7

47.7

–16.0

44.3

222(+)

38.8

54.1

7.1

Selling Prices

16.6

23.7

–7.1

24.5

62(+)

26.3

64.0

9.7

Capital Expenditures

14.0

13.7

+0.3

22.6

61(+)

23.2

67.6

9.2

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

Company Outlook

7.1

3.2

+3.9

15.4

2(+)

24.5

58.1

17.4

General Business Activity

1.5

–0.3

+1.8

12.0

1(+)

23.3

54.9

21.8

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

July 1, 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)
IndicatorJun IndexMay IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–29.5

–30.5

+1.0

2.8

2(–)

9.8

50.9

39.3

Employment

–9.0

–8.1

–0.9

1.4

3(–)

2.3

86.4

11.3

Part–Time Employment

–4.9

–3.6

–1.3

–1.5

4(–)

2.6

89.9

7.5

Hours Worked

–14.1

–3.8

–10.3

–2.3

7(–)

0.2

85.5

14.3

Wages and Benefits

–3.3

–1.1

–2.2

11.1

2(–)

7.5

81.7

10.8

Input Prices

17.5

21.3

–3.8

22.5

62(+)

32.5

52.5

15.0

Selling Prices

14.1

5.2

+8.9

13.1

7(+)

28.1

57.9

14.0

Capital Expenditures

6.9

–2.3

+9.2

7.4

1(+)

12.7

81.5

5.8

Inventories

–2.8

–10.7

+7.9

2.7

5(–)

19.3

58.6

22.1

Companywide Retail Activity

Companywide Sales

–24.0

–35.8

+11.8

4.1

2(–)

9.0

58.0

33.0

Companywide Internet Sales

–16.0

–25.2

+9.2

3.6

4(–)

11.1

61.8

27.1

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

Company Outlook

–24.2

–25.3

+1.1

1.1

5(–)

4.2

67.4

28.4

General Business Activity

–24.4

–23.7

–0.7

–2.8

6(–)

5.7

64.2

30.1

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

Outlook Uncertainty

18.8

19.7

–0.9

11.4

11(+)

27.1

64.6

8.3

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

Sales

19.1

13.7

+5.4

30.1

25(+)

38.8

41.5

19.7

Employment

13.4

11.0

+2.4

12.6

2(+)

22.1

69.2

8.7

Part–Time Employment

–8.1

2.8

–10.9

1.4

1(–)

7.7

76.5

15.8

Hours Worked

–12.3

–1.4

–10.9

2.2

6(–)

2.9

81.9

15.2

Wages and Benefits

27.5

26.2

+1.3

28.9

62(+)

30.5

66.5

3.0

Input Prices

23.1

47.7

–24.6

33.9

62(+)

38.5

46.2

15.4

Selling Prices

24.4

13.7

+10.7

28.3

62(+)

36.6

51.2

12.2

Capital Expenditures

19.0

16.5

+2.5

16.4

2(+)

24.6

69.8

5.6

Inventories

9.6

0.1

+9.5

10.6

2(+)

28.9

51.8

19.3

Companywide Retail Activity

Companywide Sales

15.4

11.8

+3.6

28.5

2(+)

35.4

44.6

20.0

Companywide Internet Sales

3.2

18.7

–15.5

21.1

17(+)

18.8

65.6

15.6

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

Company Outlook

4.3

–3.3

+7.6

14.6

1(+)

25.7

52.9

21.4

General Business Activity

–3.2

–1.3

–1.9

10.2

3(–)

24.5

47.8

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

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