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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

August 26, 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)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

8.6

6.3

+2.3

10.3

2(+)

29.1

50.4

20.5

Employment

1.2

2.8

–1.6

6.0

2(+)

14.3

72.6

13.1

Part–Time Employment

–2.7

–3.8

+1.1

1.3

6(–)

4.6

88.1

7.3

Hours Worked

5.1

3.2

+1.9

2.5

2(+)

10.3

84.5

5.2

Wages and Benefits

15.7

13.4

+2.3

15.6

63(+)

20.1

75.5

4.4

Input Prices

27.9

25.3

+2.6

27.8

64(+)

32.3

63.3

4.4

Selling Prices

2.7

3.3

–0.6

7.5

61(+)

12.9

76.9

10.2

Capital Expenditures

5.8

12.1

–6.3

9.8

61(+)

13.2

79.4

7.4

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

Company Outlook

4.3

–2.1

+6.4

4.1

1(+)

20.0

64.3

15.7

General Business Activity

6.8

2.0

+4.8

2.1

2(+)

20.5

65.8

13.7

IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

11.2

12.8

–1.6

13.6

51(+)

24.6

62.0

13.4

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

Revenue

33.8

31.3

+2.5

37.3

64(+)

46.7

40.3

12.9

Employment

20.4

19.1

+1.3

23.0

64(+)

30.5

59.4

10.1

Part–Time Employment

5.6

3.8

+1.8

6.5

2(+)

10.8

84.0

5.2

Hours Worked

8.1

7.0

+1.1

5.9

4(+)

11.8

84.5

3.7

Wages and Benefits

38.0

34.5

+3.5

37.4

64(+)

40.6

56.8

2.6

Input Prices

41.3

41.4

–0.1

44.3

224(+)

47.7

45.9

6.4

Selling Prices

21.5

20.5

+1.0

24.4

64(+)

30.5

60.5

9.0

Capital Expenditures

17.3

13.5

+3.8

22.5

63(+)

27.0

63.4

9.7

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

Company Outlook

11.9

13.8

–1.9

15.4

4(+)

29.7

52.5

17.8

General Business Activity

10.7

9.8

+0.9

11.9

3(+)

27.7

55.3

17.0

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

August 26, 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)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–2.1

0.8

–2.9

2.8

1(–)

23.9

50.1

26.0

Employment

–2.0

–0.8

–1.2

1.4

5(–)

14.3

69.4

16.3

Part–Time Employment

–15.5

2.0

–17.5

–1.6

1(–)

1.5

81.5

17.0

Hours Worked

–3.6

0.6

–4.2

–2.3

1(–)

6.8

82.8

10.4

Wages and Benefits

11.5

14.4

–2.9

11.1

2(+)

19.1

73.3

7.6

Input Prices

22.4

31.6

–9.2

22.6

64(+)

29.9

62.6

7.5

Selling Prices

4.1

9.0

–4.9

13.0

9(+)

24.4

55.3

20.3

Capital Expenditures

–0.1

8.3

–8.4

7.4

1(–)

9.4

81.1

9.5

Inventories

–2.7

–2.1

–0.6

2.6

7(–)

21.7

53.9

24.4

Companywide Retail Activity

Companywide Sales

–10.7

–15.3

+4.6

3.9

4(–)

20.8

47.8

31.5

Companywide Internet Sales

–10.0

–9.0

–1.0

3.5

6(–)

16.1

57.8

26.1

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

Company Outlook

0.7

–3.3

+4.0

1.0

1(+)

17.2

66.3

16.5

General Business Activity

1.9

–4.0

+5.9

–2.8

1(+)

19.6

62.7

17.7

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

Outlook Uncertainty

8.2

16.3

–8.1

11.4

13(+)

22.4

63.4

14.2

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

Sales

29.6

31.2

–1.6

30.1

27(+)

41.2

47.1

11.6

Employment

22.4

23.4

–1.0

12.7

4(+)

33.2

56.0

10.8

Part–Time Employment

0.0

15.7

–15.7

1.5

1()

7.8

84.4

7.8

Hours Worked

7.9

10.4

–2.5

2.2

2(+)

15.4

77.1

7.5

Wages and Benefits

35.1

34.9

+0.2

29.0

64(+)

41.9

51.3

6.8

Input Prices

41.3

41.4

–0.1

34.0

64(+)

47.7

45.9

6.4

Selling Prices

17.3

13.5

+3.8

28.2

64(+)

27.0

63.4

9.7

Capital Expenditures

18.5

9.5

+9.0

16.4

4(+)

28.9

60.7

10.4

Inventories

11.8

13.0

–1.2

10.6

4(+)

32.4

47.0

20.6

Companywide Retail Activity

Companywide Sales

26.7

22.2

+4.5

28.4

4(+)

39.9

46.8

13.2

Companywide Internet Sales

11.2

12.8

–1.6

21.0

19(+)

24.6

62.0

13.4

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

Company Outlook

16.5

19.8

–3.3

14.7

3(+)

32.9

50.7

16.4

General Business Activity

13.4

15.6

–2.2

10.2

2(+)

27.3

58.8

13.9

*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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