Dallas Fed: Texas service sector activity stronger still in November

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Texas service sector activity “increased again in November,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index rose to 24.4 from 19.2.

The employment index gained to 9.8 from 8.3, the part-time employment index increased to 4.8 from 4.1, the hours worked index crept to 7.9 from 7.8, the wages and benefits index rose to 19.1 from 16.9, the input prices index gained to 30.8 from 28.6, the selling prices index decreased to 7.2 from 10.2, the capital expenditures index fell to 14.8 from 19.4, the general business activity index rose to 20.4 from 18.6.

The future revenue index rose to 48.9 from 47.9, the employment index grew to 30.5 from 29.4, the part-time employment index slid to 12.9 from 15.0, the hours worked index decreased to 8.5 from 9.4, the wages and benefits index held at 43.8, the input prices index climbed to 49.6 from 45.6, the selling prices index rose to 30.1 from 27.9, the capital expenditures index fell to 28.6 from 30.4, the general business activity index gained to 33.0 from 30.5.

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Economic indicators Federal Reserve Bank of Dallas
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