Texas service sector activity "improved notably in November," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index surged to 25.4 from 14.0.
The employment index grew to 15.3 from 12.3, the part-time employment index declined to 5.7 from 6.3, the hours worked index increased to 4.4 from 4.1, the wages and benefits index slid to 17.6 from 18.0, the input prices index gained to 25.3 from 22.9, the selling prices index rose to 9.3 from 6.6, the capital expenditures index decreased to 9.9 from 11.1, the general business activity index dropped to 17.3 from 18.0.
The future revenue index rose to 49.4 from 47.6, the employment index soared to 42.6 from 33.0, the part-time employment index slipped to 13.1 from 13.7, the hours worked index decreased to 5.1 from 5.6, the wages and benefits index increased to 44.1 from 41.5, the input prices index gained to 4754.5 from 45.5, the selling prices index rose to 30.8 from 29.0, the capital expenditures index increased to 31.3 from 29.9, the general business activity index rose to 33.1 from 23.4.
