Texas service sector activity expanded in January, but at a slower rate than in December, according to business executives responding to the Texas Service Sector Outlook Survey.
The revenue index fell to 8.4 from 14.9, the employment index slid to 6.4 from 9.5, the part-time employment index dropped to negative 0.7 from positive 4.5, the hours worked index declined to negative 0.2 from positive 4.5, the wages and benefits index fell to 12.1 from 14.5, the input prices index dipped to 27.1 from 30.9, the selling prices index rose to 11.7 from 11.14, the capital expenditures index grew to 13.8 from 8.6, the general business activity index fell to 5.8 from 9.7.
The future revenue index rose to 44.2 from 38.8, the employment index grew to 27.0 from 24.3, the part-time employment index rose to 9.4 from 8.7, the hours worked index slid to 6.4 from 6.8, the wages and benefits index climbed to 42.4 from 35.9, the input prices index fell to 48.8 from 53.1, the selling prices index slid to 29.8 from 32.5, the capital expenditures index dropped to 19.8 from 22.8, the general business activity index grew to 14.4 from 11.6.
