Texas service sector activity “continued to reflect expansion in June albeit at a slightly slower pace,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slid to 14.8 from 15.9.

The employment index gained to 11.9 from 7.7, the part-time employment index increased to 5.9 from 5.7, the hours worked index grew to 4.3 from 2.1, the wages and benefits index increased to 19.5 from 16.9, the input prices index fell to 23.3 from 25.5, the selling prices index slipped to 6.0 from 8.1, the capital expenditures index dropped to 9.5 from 20.9, the general business activity index grew to 10.1 from 7.7.

The future revenue index dipped to 45.6 from 47.0, the employment index rose to 27.7 from 21.7, the part-time employment index dropped to 6.2 from 8.3, the hours worked index increased to 7.2 from 6.1, the wages and benefits index crept to 43.2 from 43.0, the input prices index declined to 42.5 from 45.5, the selling prices index dropped to 27.1 from 28.7, the capital expenditures index slid to 22.8 from 23.5, the general business activity index gained to 21.1 from 18.9.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.