Texas service sector activity "increased in September," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index doubled to 13.0 from 6.5.
The employment index slid to 4.4 from 5.8, the part-time employment index increased to 4.5 from 1.4, the hours worked index gained to 3.1 from 0.6, the wages and benefits index rose to 15.4 from 14.2, the input prices index climbed to 22.9 from 22.0, the selling prices index grew to 3.9 from 2.4, the capital expenditures index fell to 5.4 from 5.9, the general business activity index reversed to positive 4.7 from negative 5.0.
The future revenue index rose to 37.7 from 33.3, the employment index gained to 17.7 from 15.9, the part-time employment index slid to 6.4 from 8.4, the hours worked index increased to positive 4.7 from negative 0.6, the wages and benefits index grew to 36.8 from 34.0, the input prices index climbed to 42.2 from 39.5, the selling prices index rose to 22.0 from 17.2, the capital expenditures index slid to 13.2 from 18.8, the general business activity index soared to 10.4 from 2.8.
