Texas service sector activity "increased in December," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index grew to 20.6 from 13.7.
The employment index slid to 7.8 from 9.2, the part-time employment index decreased to 0.8 from 2.6, the hours worked index improved 4.1 from 0.8, the wages and benefits index held at 19.1, the input prices index climbed to 30.5 from 24.4, the selling prices index gained to 12.6 from 4.4, the capital expenditures index rose to 10.4 from 5.0, the general business activity index increased to 19.4 from 12.6.
The future revenue index rose to 55.3 from 45.2, the employment index gained to 31.7 from 25.2, the part-time employment index climbed to 10.4 from 9.5, the hours worked index increased to 8.1 from 6.9, the wages and benefits index grew to 44.0 from 43.6, the input prices index soared to 53.9 from 42.0, the selling prices index gained to 34.9 from 29.6, the capital expenditures index increased to 30.5 from 26.3, the general business activity index surged to 39.8 from 29.1.
