Texas service sector activity “increased in April,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index grew to 10.6 from 6.4.
The employment index grew to 6.3 from 1.1, the part-time employment index climbed to positive 1.6 from negative 0.3, the hours worked index fell to 2.5 from 3.3, the wages and benefits index crept to 16.9 from 16.7, the input prices index increased to 21.0 from 17.2, the selling prices index gained to 6.5 from 4.1, the capital expenditures index gained to 11.1 from 7.6, the general business activity index narrowed to negative 3.7 from negative 3.8.
The future revenue index dipped to 41.5 from 41.8, the employment index fell to 19.0 from 25.9, the part-time employment index declined to 7.0 from 9.0, the hours worked index climbed to 6.2 from 5.8, the wages and benefits index dropped to 36.7 from 41.4, the input prices index dipped to 37.4 from 37.5, the selling prices index rose to 22.8 from 21.8, the capital expenditures index grew to 17.8 from 15.8, the general business activity index rose to 2.3 from 1.5.
