Texas service sector activity "increased in April," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index grew to 14.6 from 10.7.
The employment index rose to 7.9 from 4.2, the part-time employment index increased to 3.9 from 0.9, the hours worked index climbed to positive 4.7 from negative 1.0, the wages and benefits index inched up to 16.2 from 15.2, the input prices index gained to 19.3 from 14.4, the selling prices index rose to 3.4 from 1.7, the capital expenditures index slipped to 7.1 from 10.6, the general business activity index narrowed to negative 1.0 from negative 4.6.
The future revenue index crept to 32.1 from 31.9, the employment index fell to 20.4 from 23.0, the part-time employment index dropped to 7.0 from 10.9, the hours worked index grew to 4.3 from 1.8, the wages and benefits index increased to 38.9 from 34.8, the input prices index remained at 40.4, the selling prices index slid to 21.5 from 23.7, the capital expenditures index increased to 24.3 from 21.5, the general business activity index jumped to 6.2 from 2.7.
