Texas service sector activity showed slightly slower expansion in August, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index dipped to 21.0 from 21.5.
The employment index rose to 13.2 from 4.6, the part-time employment index climbed to 10.0 from 7.5, the hours worked index increased to 4.1 from 3.9, the wages and benefits index slid to 20.1 from 20.3, the input prices index climbed to 25.0 from 23.3, the selling prices index fell to 10.5 from 11.7, the capital expenditures index increased to 16.5 from 13.2, the general business activity index gained to 22.8 from 22.4.
The future revenue index rose to 56.2 from 54.3, the employment index fell to 35.7 from 39.7, the part-time employment index dropped to 13.2 from 19.0, the hours worked index decreased to 4.1 from 11.2, the wages and benefits index decreased to 42.4 from 43.5, the input prices index slipped to 46.4 from 49.9, the selling prices index rose to 28.4 from 27.5, the capital expenditures index dropped to 31.8 from 32.7, the general business activity index fell to 31.2 from 34.2.
