Texas service sector activity continued to expand faster in August, according to business executives responding to the Texas Service Sector Outlook Survey, as the revenue index rose to 13.6 from 12.7.
The employment index dropped to 7.5 from 9.7, the part-time employment index slipped to 7.1 from 7.5, the hours worked index increased to positive 1.8 from negative 2.7, the wages and benefits index slid to 14.6 from 15.0, the input prices index fell to 22.6 from 25.1, the selling prices index declined to 7.2 from 10.3, the capital expenditures index rose to 14.1 from 6.7, the general business activity index climbed to 16.7 from 15.3.
The future revenue index dipped to 39.3 from 42.0, the employment index slid to 25.0 from 26.0, the part-time employment index decreased to 10.9 from 11.3, the hours worked index fell to 4.4 from 6.6, the wages and benefits index climbed to 39.0 from 35.7, the input prices index gained to 45.5 from 43.7, the selling prices index rose to 24.6 from 23.2, the capital expenditures index soared to 29.3 from 17.5, the general business activity index fell to 27.5 from 29.7.
