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 gained to 13.6 from 12.1.
The employment index rose to 12.0 from 5.8, the part-time employment index increased to 5.9 from 1.0, the hours worked index inched up to 1.4 from 1.3, the wages and benefits index grew to 15.4 from 13.5, the input prices index climbed to 18.9 from 11.4, the selling prices index rose to 3.9 from 2.8, the capital expenditures index dipped to 7.0 from 7.5, the general business activity index reversed to positive 1.7 from negative 281.
The future revenue index grew to 38.3 from 33.6, the employment index slipped to 21.7 from 24.8, the part-time employment index gained to 10.3 from 9.0, the hours worked index slid to 3.7 from 5.1, the wages and benefits index decreased to 37.2 from 43.3, the input prices index rose to 40.5 from 38.2, the selling prices index slid to 19.3 from 25.6, the capital expenditures index decreased to 18.7 from 22.2, the general business activity index rose to 8.9 from 6.1.
