Texas service sector activity improved in March, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index surged to 16.5 from 9.8.
The employment index crept to 11.2 from 11.1, the part-time employment index rose to 8.8 from 4.2, the hours worked index increased to 6.6 from 2.8, the wages and benefits index gained to 21.5 from 16.7, the input prices index climbed to 30.8 from 26.4, the selling prices index rose to 11.5 from 9.7, the capital expenditures index climbed to 15.0 from 12.4, the general business activity index grew to 10.1 from 6.8.
The future revenue index grew to 46.2 from 43.6, the employment index rose to 33.5 from 30.2, the part-time employment index slid to 12.8 from 13.0, the hours worked index jumped to 10.8 from 7.7, the wages and benefits index dipped to 41.0 from 41.8, the input prices index rose to 51.2 from 46.8, the selling prices index slid to 29.3 from 31.3, the capital expenditures index increased to 31.5 from 28.2, the general business activity index climbed to 24.1 from 21.3.
