Texas service sector activity "grew in March," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index grew to 15.2 from 14.1.
The employment index gained to 8.1 from 5.9, the part-time employment index increased to 4.1 from 3.7, the hours worked index slid to 6.5 from 6.9, the wages and benefits index declined to 15.7 from 17.3, the input prices index fell to 19.7 from 25.4, the selling prices index dropped to 3.1 from 5.2, the capital expenditures index rose to 11.3 from 9.8, the general business activity index decreased to 13.2 from 15.6.
The future revenue index rose to 47.8 from 47.5, the employment index fell to 26.6 from 28.4, the part-time employment index dipped to 12.5 from 13.0, the hours worked index decreased to 8.3 from 10.7, the wages and benefits index fell to 38.5 from 42.4, the input prices index decreased to 42.3 from 44.8, the selling prices index dropped to 27.6 from 28.0, the capital expenditures index slid to 25.1 from 26.5, the general business activity index slumped to 22.3 from 31.5.
