Dallas Fed: Texas service sector expansion gains; price pressures ease

Register now

Texas service sector activity “grew at a faster pace in November,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 21.4, from 19.4.

The employment index slipped to 8.7 from 13.1, the part-time employment index decreased to 3.6 from 5.4, the hours worked index grew to 7.5 from 6.2, the wages and benefits index climbed to 20.9 from 20.2, the input prices index slid to 27.0 from 28.6, the selling prices index declined to 12.2 from 16.1, the capital expenditures index fell to 11.3 from 12.6, the general business activity index dropped to 11.4 from 14.1.

The future revenue index slid to 41.4 from 43.7, the employment index dipped to 30.0 from 33.4, the part-time employment index decreased to 10.9 from 12.4, the hours worked index gained to 6.3 from 6.1, the wages and benefits index dipped to 47.3 from 48.5, the input prices index slid to 44.5 from 50.0, the selling prices index decreased to 31.7 from 33.6, the capital expenditures index fell to 27.4 from 29.5, the general business activity index fell to 16.6 from 20.9.

For reprint and licensing requests for this article, click here.
Economic indicators Federal Reserve Bank of Dallas
MORE FROM BOND BUYER