Texas service sector activity "continued to reflect expansion in January," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 10.0 from 15.2.
The employment index slid to 12.3 from 12.3, the part-time employment index decreased to 1.8 from 3.9, the hours worked index fell to 3.5 from 6.5, the wages and benefits index dipped to 20.4 from 20.8, the input prices index dropped to 13.2 from 23.3, the selling prices index declined to 0.7 from 6.5, the capital expenditures index decreased to 2.2 from 7.3, the general business activity index fell to negative 10.4 from positive 2.3.
The future revenue index slid to 30.4 from 39.6, the employment index fell to 18.9 from 26.6, the part-time employment index slipped to 2.0 from 8.4, the hours worked index dropped to 1.9 from 9.2, the wages and benefits index dipped to 40.6 from 40.7, the input prices index fell to 36.3 from 42.4, the selling prices index slipped to 19.6 from 19.7, the capital expenditures index declined to 16.8 from 20.4, the general business activity index fell to negative 8.1 from positive 5.8.
