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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

July 29, 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)
IndicatorJul IndexJun IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

6.3

–4.1

+10.4

10.3

1(+)

26.3

53.7

20.0

Employment

2.8

–1.2

+4.0

6.0

1(+)

13.4

76.0

10.6

Part–Time Employment

–3.8

–1.7

–2.1

1.3

5(–)

2.3

91.6

6.1

Hours Worked

3.2

0.0

+3.2

2.5

1(+)

8.1

87.0

4.9

Wages and Benefits

13.4

8.6

+4.8

15.6

62(+)

16.9

79.6

3.5

Input Prices

25.3

21.3

+4.0

27.8

63(+)

28.4

68.5

3.1

Selling Prices

3.3

6.8

–3.5

7.5

60(+)

13.6

76.1

10.3

Capital Expenditures

12.1

7.5

+4.6

9.8

60(+)

16.9

78.3

4.8

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

Company Outlook

–2.1

–2.4

+0.3

4.1

5(–)

16.3

65.3

18.4

General Business Activity

2.0

–4.4

+6.4

2.1

1(+)

16.8

68.4

14.8

IndicatorJul IndexJun IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

12.8

19.7

–6.9

13.6

50(+)

22.6

67.6

9.8

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

Revenue

31.3

33.4

–2.1

37.3

63(+)

46.0

39.2

14.7

Employment

19.1

19.9

–0.8

23.0

63(+)

29.6

59.9

10.5

Part–Time Employment

3.8

–1.2

+5.0

6.5

1(+)

8.6

86.6

4.8

Hours Worked

7.0

0.1

+6.9

5.9

3(+)

11.1

84.8

4.1

Wages and Benefits

34.5

38.4

–3.9

37.4

63(+)

38.6

57.3

4.1

Input Prices

41.4

31.7

+9.7

44.3

223(+)

45.7

49.9

4.3

Selling Prices

20.5

16.6

+3.9

24.5

63(+)

28.9

62.7

8.4

Capital Expenditures

13.5

14.0

–0.5

22.5

62(+)

22.2

69.1

8.7

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

Company Outlook

13.8

7.1

+6.7

15.4

3(+)

31.5

50.8

17.7

General Business Activity

9.8

1.5

+8.3

11.9

2(+)

28.0

53.8

18.2

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

July 29, 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)
IndicatorJul IndexJun IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

0.8

–29.5

+30.3

2.8

1(+)

24.5

51.8

23.7

Employment

–0.8

–9.0

+8.2

1.4

4(–)

9.1

81.0

9.9

Part–Time Employment

2.0

–4.9

+6.9

–1.5

1(+)

7.5

87.0

5.5

Hours Worked

0.6

–14.1

+14.7

–2.2

1(+)

6.5

87.6

5.9

Wages and Benefits

14.4

–3.3

+17.7

11.1

1(+)

23.0

68.4

8.6

Input Prices

31.6

17.5

+14.1

22.6

63(+)

41.7

48.2

10.1

Selling Prices

9.0

14.1

–5.1

13.1

8(+)

24.7

59.6

15.7

Capital Expenditures

8.3

6.9

+1.4

7.4

2(+)

13.8

80.7

5.5

Inventories

–2.1

–2.8

+0.7

2.6

6(–)

16.3

65.3

18.4

Companywide Retail Activity

Companywide Sales

–15.3

–24.0

+8.7

4.0

3(–)

14.7

55.3

30.0

Companywide Internet Sales

–9.0

–16.0

+7.0

3.5

5(–)

7.8

75.4

16.8

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

Company Outlook

–3.3

–24.2

+20.9

1.0

6(–)

16.0

64.7

19.3

General Business Activity

–4.0

–24.4

+20.4

–2.8

7(–)

15.3

65.4

19.3

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

Outlook Uncertainty

16.3

18.8

–2.5

11.5

12(+)

22.8

70.7

6.5

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

Sales

31.2

19.1

+12.1

30.1

26(+)

41.0

49.2

9.8

Employment

23.4

13.4

+10.0

12.7

3(+)

30.1

63.3

6.7

Part–Time Employment

15.7

–8.1

+23.8

1.5

1(+)

16.5

82.7

0.8

Hours Worked

10.4

–12.3

+22.7

2.2

1(+)

14.1

82.2

3.7

Wages and Benefits

34.9

27.5

+7.4

28.9

63(+)

38.1

58.6

3.2

Input Prices

41.4

23.1

+18.3

33.9

63(+)

45.7

49.9

4.3

Selling Prices

13.5

24.4

–10.9

28.3

63(+)

22.2

69.1

8.7

Capital Expenditures

9.5

19.0

–9.5

16.4

3(+)

17.3

74.9

7.8

Inventories

13.0

9.6

+3.4

10.6

3(+)

31.3

50.4

18.3

Companywide Retail Activity

Companywide Sales

22.2

15.4

+6.8

28.5

3(+)

37.1

48.0

14.9

Companywide Internet Sales

12.8

3.2

+9.6

21.0

18(+)

22.6

67.6

9.8

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

Company Outlook

19.8

4.3

+15.5

14.7

2(+)

33.6

52.6

13.8

General Business Activity

15.6

–3.2

+18.8

10.2

1(+)

33.9

47.9

18.3

*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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