Texas service sector activity cooled in February, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index fell to 9.8 from 18.1.
The employment index dipped to 11.1 from 11.9, the part-time employment index slid to 4.2 from 5.5, the hours worked index reversed to positive 2.8 from negative 1.4, the wages and benefits index dipped to 16.7 from 16.9, the input prices index dropped to 26.4 from 27.2, the selling prices index decreased to 9.7 from 12.4, the capital expenditures index climbed to 12.4 from 12.0, the general business activity index declined to 6.8 from 16.8.
The future revenue index fell to 43.6 from 46.8, the employment index rose to 30.2 from 29.9, the part-time employment index slid to 13.0 from 14.4, the hours worked index fell to 7.7 from 8.4, the wages and benefits index grew to 41.8 from 41.2, the input prices index rose to 46.8 from 42.8, the selling prices index gained to 31.3 from 30.3, the capital expenditures index increased to 28.2 from 27.9, the general business activity index dropped to 21.3 from 29.8.
