Texas service sector activity "increased again in December," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 15.2 from 10.3.
The employment index grew to 12.3 from 10.6, the part-time employment index increased to 4.0 from 3.2, the hours worked index gained to 6.6 from 1.5, the wages and benefits index climbed to 21.0 from 16.8, the input prices index gained to 23.3 from 21.1, the selling prices index rose to 6.1 from 3.8, the capital expenditures index increased to 7.3 from 6.6, the general business activity index fell to 3.3 from 3.6.
The future revenue index slid to 39.6 from 43.5, the employment index fell to 25.9 from 27.6, the part-time employment index slipped to 8.8 from 11.4, the hours worked index rebounded to 9.7 from 4.8, the wages and benefits index decreased to 40.1 from 41.2, the input prices index fell to 42.4 from 46.6, the selling prices index slipped to 20.0 from 25.8, the capital expenditures index declined to 20.4 from 22.6, the general business activity index fell to 7.9 from 11.0.
