Texas service sector activity "continued to reflect expansion in February albeit at a slower pace," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slid to 14.1 from 16.2.
The employment index gained to 5.9 from 4.8, the part-time employment index increased to 3.7 from 2.9, the hours worked index improved to 6.9 from 4.8, the wages and benefits index slipped to 17.3 from 17.7, the input prices index rose to 25.4 from 23.4, the selling prices index dropped to 5.2 from 12.5, the capital expenditures index fell to 9.8 from 10.9, the general business activity index decreased to 15.6 from 21.2.
The future revenue index fell to 47.5 from 52.3, the employment index gained to 28.4 from 27.3, the part-time employment index climbed to 13.0 from 11.2, the hours worked index decreased to 10.7 from 13.3, the wages and benefits index fell to 42.4 from 44.2, the input prices index decreased to 44.8 from 46.5, the selling prices index dropped to 28.0 from 36.0, the capital expenditures index slid to 26.5 from 29.2, the general business activity index slumped to 31.5 from 36.2.
