Texas service sector activity showed faster expansion in July, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index gained to 21.5 from 16.9.
The employment index fell to 4.6 from 16.5, the part-time employment index climbed to 7.5 from 6.1, the hours worked index decreased to 3.9 from 7.3, the wages and benefits index slid to 20.3 from 20.8, the input prices index slipped to 23.3 from 24.0, the selling prices index held at 11.7, the capital expenditures index decreased to 13.2 from 14.1, the general business activity index gained to 22.4 from 21.1.
The future revenue index rose to 54.3 from 50.6, the employment index grew to 39.7 from 34.5, the part-time employment index gained to 19.0 from 13.4, the hours worked index increased to 11.2 from 8.4, the wages and benefits index increased to 43.5 from 42.9, the input prices index climbed to 49.9 from 46.5, the selling prices index fell to 27.5 from 28.8, the capital expenditures index gained to 32.7 from 32.3, the general business activity index rose to 34.2 from 28.7.
