Texas service sector activity "continued to reflect expansion in March," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slid to 10.7 from 13.6.
The employment index fell to 4.2 from 12.0, the part-time employment index decreased to 0.9 from 5.9, the hours worked index reversed to negative 1.0 from positive 1.4, the wages and benefits index dipped to 15.2 from 15.4, the input prices index slipped to 14.4 from 18.9, the selling prices index fell to 1.7 from 3.9, the capital expenditures index gained to 10.6 from 7.0, the general business activity index reversed to negative 4.6 from positive 1.7.
The future revenue index fell to 31.9 from 38.3, the employment index gained to 23.0 from 21.7, the part-time employment index gained to 10.9 from 10.3, the hours worked index slid to 1.8 from 3.7, the wages and benefits index decreased to 34.8 from 37.2, the input prices index dipped to 40.4 from 40.5, the selling prices index grew to 23.7 from 19.3, the capital expenditures index increased to 21.5 from 18.7, the general business activity index fell to 2.7 from 8.9.
