Texas service sector activity “continued to increase in December,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index held at 24.4.

The employment index gained to 15.3 from 9.8, the part-time employment index increased to 5.6 from 4.8, the hours worked index crept to 9.2 from 7.9, the wages and benefits index rose to 20.1 from 19.1, the input prices index gained to 33.3 from 30.8, the selling prices index increased to 16.6 from 7.2, the capital expenditures index fell to 13.4 from 14.8, the general business activity index dropped to 18.1 from 20.4.

The future revenue index rose to 56.3 from 48.9, the employment index grew to 30.6 from 30.5, the part-time employment index gained to 13.3 from 12.9, the hours worked index increased to 12.3 from 8.5, the wages and benefits index climbed to 47.6 from 43.8, the input prices index grew to 51.4 from 49.6, the selling prices index rose to 37.8 from 30.1, the capital expenditures index rose to 35.7 from 28.6, the general business activity index gained to 35.0 from 33.0.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.