Dallas Fed: Texas service sector expansion continues; selling prices highest in a decade

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Texas service sector activity “continued to increase in April, albeit at a slower pace than last month,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index decreased to 14.7 from 20.0.

The employment index climbed to 15.9 from 15.3, the part-time employment index decreased to 3.7 from 5.1, the hours worked index dipped to 8.0 from 8.3, the wages and benefits index grew to 23.5 from 20.9, the input prices index fell to 27.9 from 29.2, the selling prices index increased to 19.2, its highest level in over 10 years, from 17.0, the capital expenditures index slid to 16.0 from 17.6, the general business activity index rose to 14.5 from 13.4.

The future revenue index slid to 48.6 from 51.9, the employment index fell to 29.1 from 32.8, the part-time employment index increased to 14.8 from 12.7, the hours worked index slipped to 13.3 from 13.6, the wages and benefits index slid to 49.4 from 50.0, the input prices index dipped to 45.9 from 47.0, the selling prices index dropped to 34.5 from 39.6, the capital expenditures index fell to 26.8 from 32.9, the general business activity index slipped to 24.7 from 26.9.

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Economic indicators Federal Reserve Bank of Dallas