Texas service sector activity "increased in November," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 10.3 from 7.6.
The employment index grew to 10.6 from 7.0, the part-time employment index increased to positive 3.2 from positive 3.2, the hours worked index declined to 1.5 from 3.0, the wages and benefits index gained to 16.8 from 14.4, the input prices index gained to 18.1 from 18.1, the selling prices index rose to 3.8 from 3.4, the capital expenditures index decreased to 6.6 from 10.1, the general business activity index fell to 3.6 from 5.6.
The future revenue index grew to 43.5 from 37.6, the employment index rose to 27.6 from 25.0, the part-time employment index grew to 11.4 from 10.5, the hours worked index rebounded to positive 4.8 from negative 0.1, the wages and benefits index increased to 41.2 from 36.0, the input prices index grew to 46.6 from 43.0, the selling prices index slipped to 25.8 from 27.1, the capital expenditures index crept to 22.6 from 22.3, the general business activity index declined to 11.0 from 12.8.
