Dallas Fed: Texas service sector activity ‘picks up’ in October

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Texas service sector activity “increased again in October,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index rose to 19.2 from 15.9.

The employment index jumped to 8.3 from 3.5, the part-time employment index increased to 4.1 from 2.1, the hours worked index soared to 7.8 from 2.7, the wages and benefits index rose to 16.9 from 15.6, the input prices index gained to 28.6 from 25.2, the selling prices index increased to 10.2 from 4.7, the capital expenditures index gained to 19.4 from 14.8, the general business activity index rose to 18.6 from 12.4.

The future revenue index rose to 47.9 from 45.7, the employment index grew to 29.4 from 24.9, the part-time employment index gained to 15.0 from 8.7, the hours worked index increased to 9.4 from 4.3, the wages and benefits index crept to 43.8 from 43.7, the input prices index dropped to 45.6 from 47.1, the selling prices index slid to 29.9 from 29.9, the capital expenditures index rose to 30.4 from 29.7, the general business activity index gained to 30.5 from 28.0.

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Economic indicators Federal Reserve Bank of Dallas