Texas service sector activity “continued to reflect expansion in August, albeit at a slightly slower pace,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slid to 14.2 from 15.7.

The employment index slid to 4.6 from 7.5, the part-time employment index decreased to 3.4 from 5.1, the hours worked index grew to 8.3 from 8.1, the wages and benefits index fell to 14.8 from 16.1, the input prices index rose to 25.6 from 18.2, the selling prices index dropped to 4.7 from 10.4, the capital expenditures index gained to 14.7 from 10.1, the general business activity index climbed to 15.1 from 10.5.

The future revenue index dipped to 44.3 from 45.8, the employment index rose to 26.4 from 24.9, the part-time employment index gained to 6.4 from 5.3, the hours worked index increased to 6.8 from 4.9, the wages and benefits index crept to 40.4 from 40.2, the input prices index gained to 42.4 from 37.9, the selling prices index rose to 26.2 from 25.0, the capital expenditures index slid to 22.9 from 23.7, the general business activity index fell to 21.3 from 23.0.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.