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.

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