Texas service sector activity picked up pace in September, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, rose from 10 to 15, its highest reading since March, with 33 percent of respondents noting revenues increased from August.
Labor market indicators reflected stronger labor demand growth and slightly longer workweeks. Employment grew at a faster pace in September, with the index increasing from 6.3 to 9.8. The hours worked index edged up from 0.8 to 2.6.