Texas service sector activity "continued to reflect expansion in February," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 9.7 from 10.0.
The employment index slid to 0.5 from 10.0, the part-time employment index decreased to negative 0.6 from positive 1.8, the hours worked index fell to 1.3 from 3.5, the wages and benefits index gained to 20.6 from 20.4, the input prices index increased to 18.6 from 13.2, the selling prices index declined to negative 0.2 from positive 0.7, the capital expenditures index rose to 9.1 from 2.2, the general business activity index fell to negative 19.2 from negative 10.4.
The future revenue index rose to 31.6 from 30.4, the employment index fell to 18.0 from 18.9, the part-time employment index gained to 4.2 from 2.0, the hours worked index climbed to 3.5 from 1.9, the wages and benefits index dropped to 35.3 from 40.6, the input prices index fell to 33.3 from 36.3, the selling prices index slipped to 17.6 from 19.6, the capital expenditures index declined to 16.6 from 16.8, the general business activity index fell to negative 11.0 from negative 8.1.
