Dallas Fed: Texas service sector expanding, on boost from labor in February

Register now

Texas service sector activity “continued to reflect expansion in February,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index increased to 13.2 from 12.8.

The employment index surged to 12.3 from 6.8, the part-time employment index increased to 2.7 from 0.1, the hours worked index dipped to 3.8 from 3.9, the wages and benefits index rose to 22.2 from 15.0, the input prices index gained to 35.5 from 33.7, the selling prices index increased to 16.6 from 12.4, the capital expenditures index doubled to 16.7 from 8.8, the general business activity index slipped to 17.5 from 22.2.

The future revenue index fell to 50.3 from 53.8, the employment index gained to 31.8 from 30.3, the part-time employment index fell to 10.1 from 14.0, the hours worked index increased to 13.2 from 11.8, the wages and benefits index slipped to 45.6 from 47.2, the input prices index declined to 47.5 from 51.3, the selling prices index fell to 32.7 from 38.2, the capital expenditures index inched down to 35.2 from 35.6, the general business activity index dropped to 30.5 from 36.0.

For reprint and licensing requests for this article, click here.
Economic indicators Federal Reserve Bank of Dallas