Texas service sector activity "improved notably in September," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index gained to 26.9 from 21.0.
The employment index slid to 11.9 from 13.2, the part-time employment index declined to 7.4 from 10.0, the hours worked index increased to 6.9 from 4.1, the wages and benefits index slid to 19.9 from 20.1, the input prices index climbed to 27.8 from 25.0, the selling prices index fell to 8.0 from 10.5, the capital expenditures index decreased to 14.5 from 16.5, the general business activity index gained to 27.5 from 22.8.
The future revenue index fell to 53.0 from 56.2, the employment index rose to 36.3 from 35.7, the part-time employment index climbed to 14.5 from 13.2, the hours worked index increased to 7.8 from 4.1, the wages and benefits index grew to 47.3 from 42.4, the input prices index jumped to 50.1 from 46.4, the selling prices index rose to 29.8 from 28.4, the capital expenditures index increased to 33.0 from 31.8, the general business activity index grew to 36.3 from 31.2.
