Dallas Fed: Texas service sector expands, on boost from labor in March

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Texas service sector activity “activity picked up in March,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index increased to 19.3 from 13.2.

The employment index climbed to 15.1 from 12.3, the part-time employment index increased to 5.5 from 2.7, the hours worked index jumped to 8.0 from 3.8, the wages and benefits index slid to 19.7 from 22.2, the input prices index fell to 31.4 from 35.5, the selling prices index decreased to 15.7 from 16.6, the capital expenditures index grew to 19.0 from 16.7, the general business activity index declined to 13.5 from 17.5.

The future revenue index rose to 54.3 from 50.3, the employment index gained to 33.4 from 31.8, the part-time employment index increased to 12.9 from 10.1, the hours worked index climbed to 13.7 from 13.2, the wages and benefits index gained to 48.5 from 45.6, the input prices index declined to 47.0 from 47.5, the selling prices index rose to 37.1 from 32.7, the capital expenditures index dropped to 32.9 from 35.2, the general business activity index slipped to 29.2 from 30.5.

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Economic indicators
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