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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

September 30, 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)
IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

–2.4

8.6

–11.0

10.3

1(–)

22.4

52.8

24.8

Employment

–3.6

1.2

–4.8

5.9

1(–)

8.7

79.0

12.3

Part–Time Employment

–0.6

–2.7

+2.1

1.3

7(–)

3.4

92.6

4.0

Hours Worked

–1.0

5.1

–6.1

2.5

1(–)

6.6

85.8

7.6

Wages and Benefits

11.9

15.7

–3.8

15.6

64(+)

15.7

80.5

3.8

Input Prices

24.4

27.9

–3.5

27.8

65(+)

28.2

68.0

3.8

Selling Prices

1.6

2.7

–1.1

7.5

62(+)

10.1

81.4

8.5

Capital Expenditures

7.3

5.8

+1.5

9.8

62(+)

14.1

79.1

6.8

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

Company Outlook

–2.6

4.3

–6.9

4.1

1(–)

12.3

72.8

14.9

General Business Activity

–5.6

6.8

–12.4

2.1

1(–)

12.6

69.1

18.2

IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

22.5

11.2

+11.3

13.7

52(+)

28.8

64.9

6.3

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

Revenue

35.3

33.8

+1.5

37.3

65(+)

50.4

34.5

15.1

Employment

25.4

20.4

+5.0

23.0

65(+)

32.9

59.6

7.5

Part–Time Employment

6.8

5.6

+1.2

6.5

3(+)

11.1

84.6

4.3

Hours Worked

2.9

8.1

–5.2

5.9

5(+)

8.1

86.7

5.2

Wages and Benefits

39.5

38.0

+1.5

37.4

65(+)

43.1

53.2

3.6

Input Prices

42.9

41.3

+1.6

44.3

225(+)

49.9

43.1

7.0

Selling Prices

26.8

21.5

+5.3

24.5

65(+)

35.9

55.0

9.1

Capital Expenditures

20.5

17.3

+3.2

22.5

64(+)

28.7

63.1

8.2

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

Company Outlook

13.1

11.9

+1.2

15.4

5(+)

29.4

54.3

16.3

General Business Activity

11.6

10.7

+0.9

11.9

4(+)

29.6

52.4

18.0

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

September 30, 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)
IndicatorSep IndexAug IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–17.2

–2.1

–15.1

2.7

2(–)

21.2

40.4

38.4

Employment

–3.0

–2.0

–1.0

1.4

6(–)

11.2

74.6

14.2

Part–Time Employment

–3.9

–15.5

+11.6

–1.6

2(–)

4.1

87.9

8.0

Hours Worked

–8.2

–3.6

–4.6

–2.3

2(–)

8.0

75.8

16.2

Wages and Benefits

12.6

11.5

+1.1

11.1

3(+)

20.9

70.8

8.3

Input Prices

22.0

22.4

–0.4

22.5

65(+)

30.4

61.2

8.4

Selling Prices

9.2

4.1

+5.1

13.0

10(+)

23.9

61.4

14.7

Capital Expenditures

13.7

–0.1

+13.8

7.4

1(+)

17.6

78.5

3.9

Inventories

–0.3

–2.7

+2.4

2.6

8(–)

23.9

51.9

24.2

Companywide Retail Activity

Companywide Sales

–8.2

–10.7

+2.5

3.9

5(–)

19.2

53.4

27.4

Companywide Internet Sales

–1.9

–10.0

+8.1

3.5

7(–)

17.1

63.9

19.0

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

Company Outlook

–5.4

0.7

–6.1

1.0

1(–)

10.5

73.6

15.9

General Business Activity

–14.7

1.9

–16.6

–2.9

1(–)

10.3

64.7

25.0

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

Outlook Uncertainty

26.6

8.2

+18.4

11.6

14(+)

31.3

64.0

4.7

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

Sales

26.6

29.6

–3.0

30.1

28(+)

48.2

30.2

21.6

Employment

26.1

22.4

+3.7

12.8

5(+)

34.4

57.3

8.3

Part–Time Employment

1.7

0.0

+1.7

1.5

1(+)

10.4

80.9

8.7

Hours Worked

2.5

7.9

–5.4

2.2

3(+)

11.2

80.1

8.7

Wages and Benefits

40.9

35.1

+5.8

29.0

65(+)

42.1

56.7

1.2

Input Prices

52.3

41.3

+11.0

34.0

65(+)

56.8

38.6

4.5

Selling Prices

40.5

17.3

+23.2

28.3

65(+)

50.0

40.5

9.5

Capital Expenditures

19.2

18.5

+0.7

16.4

5(+)

27.6

64.0

8.4

Inventories

20.8

11.8

+9.0

10.6

5(+)

36.6

47.6

15.8

Companywide Retail Activity

Companywide Sales

20.7

26.7

–6.0

28.4

5(+)

41.8

37.1

21.1

Companywide Internet Sales

10.8

11.2

–0.4

20.9

20(+)

24.3

62.2

13.5

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

Company Outlook

5.7

16.5

–10.8

14.6

4(+)

27.1

51.5

21.4

General Business Activity

4.7

13.4

–8.7

10.2

3(+)

27.6

49.5

22.9

*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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