Texas service sector activity "continued to reflect expansion in December," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, but the revenue index declined to 20.5 from 25.4.
The employment index slid to 14.5 from 15.3, the part-time employment index declined to 3.9 from 5.7, the hours worked index increased to 7.3 from 4.4, the wages and benefits index slid to 16.9 from 17.6, the input prices index dropped to 20.5 from 25.3, the selling prices index fell to 8.4 from 9.3, the capital expenditures index dipped to 9.3 from 9.9, the general business activity index dropped to 12.7 from 17.3.
The future revenue index fell to 42.5 from 49.4, the employment index slumped to 26.9 from 42.6, the part-time employment index slipped to 7.4 from 13.1, the hours worked index dipped to 4.8 from 5.1, the wages and benefits index decreased to 42.6 from 44.1, the input prices index declined to 37.8 from 47.4, the selling prices index slid to 27.7 from 30.8, the capital expenditures index plunged to 21.4 from 31.3, the general business activity index fell to 17.4 from 33.1.
