Texas service sector activity "continued to expand in October," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index dropped to 14.0 from 26.9.
The employment index grew to 12.3 from 11.9, the part-time employment index declined to 6.3 from 7.4, the hours worked index decreased to 4.1 from 6.9, the wages and benefits index slid to 18.0 from 19.9, the input prices index slipped to 22.9 from 27.8, the selling prices index fell to 6.6 from 8.0, the capital expenditures index decreased to 11.1 from 14.5, the general business activity index dropped to 18.0 from 27.5.
The future revenue index fell to 47.6 from 53.0, the employment index slid to 33.0 from 36.3, the part-time employment index slipped to 13.7 from 14.5, the hours worked index decreased to 5.6 from 7.8, the wages and benefits index declined to 41.5 from 47.3, the input prices index slumped to 45.5 from 50.1, the selling prices index dipped to 29.0 from 29.8, the capital expenditures index decreased to 29.9 from 33.0, the general business activity index fell to 33.9 from 35.7.
