Dallas Fed: Texas Service Sector Activity Pace Slows
Texas service sector activity "continued to reflect expansion in July," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index fell to 10.3 from 15.6.
The employment index grew to 3.8 from 2.0, the part-time employment index increased to positive 3.1 from negative 0.8, the hours worked index declined to 2.0 from 3.6, the wages and benefits index fell to 10.4 from 15.7, the input prices index dropped to 17.9 from 23.3, the selling prices index slid to 3.6 from 5.7, the capital expenditures index grew to 4.6 from 4.2, the general business activity index narrowed to negative 1.3 from negative 7.7.
The future revenue index rose to 35.9 from 33.4, the employment index grew to 23.6 from 16.7, the part-time employment index gained to 6.8 from 5.5, the hours worked index increased to 5.0 from 1.7, the wages and benefits index slid to 37.3 from 40.4, the input prices index dipped to 38.4 from 40.4, the selling prices index fell to 19.4 from 21.5, the capital expenditures index rose to 19.3 from 17.0, the general business activity index grew to positive 10.1 from negative 0.9.
