Texas service sector activity "picked up in June," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index rose to 15.6 from 5.8.
The employment index fell to 2.0 from 4.5, the part-time employment index dropped to negative 0.8 from positive 1.6, the hours worked index climbed to positive 3.6 from negative 1.3, the wages and benefits index climbed to 15.7 from 14.7, the input prices index increased to 23.3 from 19.9, the selling prices index rose to 5.7 from 4.4, the capital expenditures index fell to 4.2 from 9.5, the general business activity index widened to negative 7.7 from negative 7.1.
The future revenue index dipped to 33.4 from 33.5, the employment index fell to 16.7 from 18.7, the part-time employment index declined to 5.5 from 6.6, the hours worked index inched up to 1.7 from 1.5, the wages and benefits index rose to 40.4 from 37.0, the input prices index gained to 40.4 from 37.6, the selling prices index grew to 21.5 from 19.8, the capital expenditures index fell to 17.0 from 23.6, the general business activity index declined to negative 0.9 from positive 1.3.
