Texas service sector activity "picked up in November," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index grew to 13.7 from 9.9.
The employment index rose to 9.2 from 2.7, the part-time employment index increased to 2.6 from 1.4, the hours worked index improved to positive 0.8 from negative 1.4, the wages and benefits index jumped to 19.1 from 12.8, the input prices index climbed to 24.4 from 23.3, the selling prices index gained to 4.4 from 3.7, the capital expenditures index rose to 5.0 from 3.6, the general business activity index soared to 12.6 from 3.0.
The future revenue index rose to 45.2 from 40.3, the employment index dipped to 25.2 from 25.3, the part-time employment index gained to 9.5 from 5.9, the hours worked index increased to 6.9 from 4.1, the wages and benefits index grew to 43.6 from 38.9, the input prices index slid to 42.0 from 44.4, the selling prices index gained to 29.6 from 20.1, the capital expenditures index increased to 26.3 from 18.8, the general business activity index surged to 29.1 from 9.1.
