Texas service sector activity "increased in October albeit at a slightly slower pace than in September," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 9.9 from 13.0.
The employment index fell to 2.7 from 4.4, the part-time employment index decreased to 1.4 from 4.5, the hours worked index dropped to negative 1.4 from positive 3.1, the wages and benefits index slid to 12.8 from 15.4, the input prices index climbed to 23.3 from 22.9, the selling prices index dipped to 3.7 from 3.9, the capital expenditures index fell to 3.6 from 5.4, the general business activity index declined to 3.0 from 4.7.
The future revenue index rose to 40.3 from 37.7, the employment index gained to 25.3 from 17.7, the part-time employment index slid to 5.9 from 6.4, the hours worked index decreased to 4.1 from 4.7, the wages and benefits index grew to 38.9 from 36.8, the input prices index gained to 44.4 from 42.2, the selling prices index fell to 20.1 from 22.0, the capital expenditures index increased to 18.8 from 13.2, the general business activity index slipped to 9.1 from 10.4.
