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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

December 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)
IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

0.1

–2.5

+2.6

10.1

1(+)

25.6

48.9

25.5

Employment

–0.8

3.1

–3.9

5.8

1(–)

13.8

71.6

14.6

Part–Time Employment

–0.8

0.2

–1.0

1.2

1(–)

5.2

88.8

6.0

Hours Worked

–2.4

–0.7

–1.7

2.5

4(–)

8.3

81.0

10.7

Wages and Benefits

10.8

14.7

–3.9

15.5

67(+)

16.1

78.6

5.3

Input Prices

26.2

27.6

–1.4

27.7

68(+)

31.9

62.4

5.7

Selling Prices

7.9

6.5

+1.4

7.5

65(+)

18.8

70.3

10.9

Capital Expenditures

10.1

5.8

+4.3

9.7

65(+)

18.4

73.3

8.3

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

Company Outlook

–2.9

–4.2

+1.3

3.9

4(–)

17.0

63.1

19.9

General Business Activity

–3.3

–2.3

–1.0

2.0

4(–)

16.4

63.9

19.7

IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

15.9

18.2

–2.3

13.8

55(+)

27.2

61.5

11.3

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

Revenue

35.3

34.0

+1.3

37.2

68(+)

49.6

36.1

14.3

Employment

20.4

20.1

+0.3

22.9

68(+)

29.9

60.6

9.5

Part–Time Employment

3.8

3.8

0.0

6.4

6(+)

9.7

84.4

5.9

Hours Worked

6.9

9.3

–2.4

5.9

8(+)

13.6

79.7

6.7

Wages and Benefits

31.1

33.9

–2.8

37.4

68(+)

37.6

55.9

6.5

Input Prices

40.2

44.8

–4.6

44.2

228(+)

47.2

45.7

7.0

Selling Prices

24.5

26.6

–2.1

24.5

68(+)

34.9

54.7

10.4

Capital Expenditures

23.6

20.0

+3.6

22.5

67(+)

31.7

60.3

8.1

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

Company Outlook

16.8

15.4

+1.4

15.4

8(+)

33.4

50.0

16.6

General Business Activity

12.0

13.0

–1.0

11.9

7(+)

33.2

45.6

21.2

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

December 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)
IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–20.6

–6.3

–14.3

2.5

5(–)

20.4

38.5

41.0

Employment

–6.2

3.5

–9.7

1.3

1(–)

10.7

72.4

16.9

Part–Time Employment

0.0

6.8

–6.8

–1.6

1()

7.6

84.8

7.6

Hours Worked

–6.3

–7.7

+1.4

–2.3

5(–)

8.2

77.3

14.5

Wages and Benefits

10.5

6.1

+4.4

11.1

6(+)

15.7

79.1

5.2

Input Prices

38.5

27.8

+10.7

22.7

68(+)

46.0

46.5

7.5

Selling Prices

28.2

16.2

+12.0

13.1

13(+)

34.1

60.0

5.9

Capital Expenditures

16.5

16.2

+0.3

7.6

4(+)

21.6

73.3

5.1

Inventories

0.1

7.4

–7.3

2.6

3(+)

22.1

55.9

22.0

Companywide Retail Activity

Companywide Sales

–19.8

–7.9

–11.9

3.6

8(–)

18.1

44.0

37.9

Companywide Internet Sales

–9.9

–18.9

+9.0

3.2

10(–)

16.8

56.5

26.7

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

Company Outlook

–15.4

–12.4

–3.0

0.8

4(–)

15.8

53.0

31.2

General Business Activity

–15.9

–12.6

–3.3

–3.1

4(–)

15.8

52.5

31.7

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

Outlook Uncertainty

21.1

13.2

+7.9

11.8

17(+)

29.5

62.1

8.4

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

Sales

18.8

6.9

+11.9

29.9

31(+)

41.0

36.7

22.2

Employment

9.0

8.1

+0.9

12.7

8(+)

23.7

61.6

14.7

Part–Time Employment

3.2

0.9

+2.3

1.5

4(+)

10.4

82.4

7.2

Hours Worked

–4.8

2.4

–7.2

2.2

1(–)

7.4

80.4

12.2

Wages and Benefits

20.2

27.9

–7.7

29.0

68(+)

30.4

59.4

10.2

Input Prices

44.5

35.7

+8.8

34.1

68(+)

52.8

38.9

8.3

Selling Prices

40.5

33.3

+7.2

28.3

68(+)

48.6

43.2

8.1

Capital Expenditures

24.2

21.4

+2.8

16.5

8(+)

31.6

61.0

7.4

Inventories

13.0

10.0

+3.0

10.7

8(+)

27.9

57.2

14.9

Companywide Retail Activity

Companywide Sales

15.6

5.5

+10.1

28.2

8(+)

37.1

41.4

21.5

Companywide Internet Sales

6.7

9.4

–2.7

20.8

23(+)

30.0

46.7

23.3

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

Company Outlook

4.9

9.1

–4.2

14.6

7(+)

33.7

37.5

28.8

General Business Activity

2.2

4.1

–1.9

10.1

6(+)

36.6

29.0

34.4

*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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