Dallas Fed: Texas service sector expansion stronger in September

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Texas service sector activity “picked up slightly in September,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index rose to 15.9 from 14.2.

The employment index slid to 3.5 from 4.6, the part-time employment index decreased to 2.1 from 3.4, the hours worked index dropped to 2.7 from 8.3, the wages and benefits index rose to 15.6 from 14.8, the input prices index slid to 25.2 from 25.6, the selling prices index held at 4.7, the capital expenditures index gained to 14.8 from 14.7, the general business activity index slipped to 12.4 from 15.1.

The future revenue index rose to 45.7 from 44.3, the employment index fell to 24.9 from 26.4, the part-time employment index gained to 8.7 from 6.4, the hours worked index decreased to 4.3 from 6.8, the wages and benefits index climbed to 43.7 from 40.4, the input prices index gained to 47.1 from 42.4, the selling prices index rose to 29.9 from 26.2, the capital expenditures index rose to 29.7 from 22.9, the general business activity index gained to 28.0 from 21.3.

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Economic indicators Federal Reserve Bank of Dallas