Texas service sector activity strengthened in December, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index grew to 16.0 from 11.4.
The employment index jumped to 9.7 from 3.9, the part-time employment index grew to 6.1 from 4.4, the hours worked index reversed to positive 0.9 from negative 1.6, the wages and benefits index rose to 18.6 from 13.5, the input prices index grew to 30.5 from 27.4, the selling prices index increased to 10.9 from 7.2, the capital expenditures index climbed to 16.9 from 11.6, the general business activity index increased to 12.5 from 10.3.
The future revenue index climbed to 46.4 from 39.7, the employment index rose to 24.9 from 20.9, the part-time employment index increased to 13.9 from 10.3, the hours worked index soared to positive 7.0 from negative 2.0, the wages and benefits index jumped to 45.2 from 32.7, the input prices index gained to 50.8 from 45.2, the selling prices index rose to 29.4 from 26.3, the capital expenditures index increased to 34.2 from 23.0, the general business activity index rose to 22.2 from 21.1.
