Texas Service Sector Outlook Survey - Results Tables

January 27, 2026

Results Table

Business Indicators Relating to Facilities and Products in Texas Current (versus previous month)
Indicator	Jan Index	Dec Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Revenue	7.8	0.0	+7.8	10.1	1(+)	27.0	53.8	19.2
Employment	0.9	–1.1	+2.0	5.8	1(+)	10.1	80.7	9.2
Part–Time Employment	5.5	–0.1	+5.6	1.2	1(+)	7.9	89.7	2.4
Hours Worked	1.1	–2.6	+3.7	2.5	1(+)	6.0	89.0	4.9
Wages and Benefits	13.5	10.6	+2.9	15.5	68(+)	16.8	80.0	3.3
Input Prices	21.1	27.1	–6.0	27.8	69(+)	25.8	69.6	4.7
Selling Prices	7.9	8.2	–0.3	7.4	66(+)	15.5	77.0	7.6
Capital Expenditures	6.8	10.5	–3.7	9.7	66(+)	13.6	79.7	6.8

General Business Conditions Current (versus previous month)
Indicator	Jan Index	Dec Index	Change	Series Average	Trend**	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	5.6	–2.7	+8.3	3.9	1(+)	17.5	70.5	11.9
General Business Activity	2.7	–5.0	+7.7	1.9	1(+)	18.0	66.6	15.3

Indicator	Jan Index	Dec Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Outlook Uncertainty	16.5	16.1	+0.4	13.9	56(+)	24.2	68.0	7.7

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Jan Index	Dec Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Revenue	41.0	34.6	+6.4	37.2	69(+)	51.9	37.1	10.9
Employment	22.0	19.8	+2.2	22.9	69(+)	31.2	59.6	9.2
Part–Time Employment	7.1	3.7	+3.4	6.4	7(+)	12.1	82.9	5.0
Hours Worked	9.1	6.6	+2.5	5.9	7(+)	12.7	83.7	3.6
Wages and Benefits	40.1	32.7	+7.4	37.5	69(+)	43.8	52.6	3.7
Input Prices	37.5	40.2	–2.7	44.2	229(+)	42.7	52.1	5.2
Selling Prices	27.0	24.6	+2.4	24.5	69(+)	34.2	58.5	7.2
Capital Expenditures	18.4	23.5	–5.1	22.5	68(+)	25.7	66.8	7.3

General Business Conditions Future (six months ahead)
Indicator	Jan Index	Dec Index	Change	Series Average	Trend**	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	18.7	16.5	+2.2	15.4	9(+)	31.1	56.6	12.4
General Business Activity	14.7	11.5	+3.2	11.9	8(+)	27.1	60.4	12.4

*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 Isabel Brizuela.