Texas service sector activity “accelerated in February,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 19.2, from 14.9.
The employment index grew to 9.7 from 7.0, the part-time employment index increased to positive 1.7 from negative 0.1, the hours worked index slid to 5.0 from 6.6, the wages and benefits index climbed to 19.1 from 18.7, the input prices index rose to 20.6 from 20.1, the selling prices index inched up to 8.0 from 7.9, the capital expenditures index rose to 10.5 from 9.8, the general business activity index reversed to positive 2.0 from negative 4.8.
The future revenue index rose to 39.2 from 37.3, the employment index dipped to 23.7 from 23.8, the part-time employment index increased to 8.9 from 6.6, the hours worked index grew to 9.6 from 7.9, the wages and benefits index increased to 42.4 from 40.8, the input prices index gained to 41.6 from 39.9, the selling prices index rose to 29.2 from 28.1, the capital expenditures index grew to 27.7 from 24.3, the general business activity index rebounded to positive 11.0 from negative 0.6.
