Texas service sector activity “continued to reflect expansion in March,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 6.4 from 9.7.
The employment index grew to 1.1 from 0.5, the part-time employment index narrowed to negative 0.3 from negative 0.6, the hours worked index rose to 3.3 from 1.3, the wages and benefits index slid to 16.7 from 20.6, the input prices index decreased to 17.2 from 18.6, the selling prices index gained to positive 4.1 from negative 0.2, the capital expenditures index dropped to 7.6 from 9.1, the general business activity index improved to negative 3.8 from negative 19.2.
The future revenue index rose to 41.8 from 31.6, the employment index grew to 25.9 from 18.0, the part-time employment index gained to 9.0 from 4.2, the hours worked index climbed to 5.8 from 3.5, the wages and benefits index jumped to 41.4 from 35.3, the input prices index increased to 37.5 from 33.3, the selling prices index rose to 21.8 from 17.6, the capital expenditures index declined to 15.8 from 16.6, the general business activity index rose to positive 1.5 from negative 11.0.
