Texas service sector activity showed slower expansion in May, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 13.1 from 18.5.
The employment index dropped to 13.8 from 16.4, the part-time employment index slid to 3.4 from 6.9, the hours worked index decreased to 4.9 from 6.0, the wages and benefits index dipped to 17.0 from 22.1, the input prices index climbed to 29.6 from 25.2, the selling prices index grew to 8.0 from 7.1, the capital expenditures index increased to 16.3 from 15.7, the general business activity index fell to 10.3 from 11.3.
The future revenue index dipped to 44.7 from 46.0, the employment index rose to 33.5 from 27.7, the part-time employment index slid to 12.0 from 14.8, the hours worked index declined to 9.3 from 9.5, the wages and benefits index dropped to 38.7 from 41.1, the input prices index decreased to 43.8 from 44.8, the selling prices index fell to 23.4 from 29.4, the capital expenditures index slipped to 27.9 from 28.3, the general business activity index inched up to 24.2 from 24.0.
