Texas service sector activity expanded faster in July, according to business executives responding to the Texas Service Sector Outlook Survey, as the revenue index rose to 12.7 from 6.8.
The employment index gained to 9.7 from 4.0, the part-time employment index climbed to 7.5 from 2.1, the hours worked index decreased to negative 2.7 from negative 0.6, the wages and benefits index slid to 15.0 from 15.7, the input prices index rose to 25.1 from 21.8, the selling prices index grew to 10.3 from 5.5, the capital expenditures index slid to 6.7 from 7.5, the general business activity index climbed to 15.3 from 12.2.
The future revenue index jumped to 42.0 from 37.9, the employment index rose to 26.0 from 17.6, the part-time employment index increased to 11.3 from 7.1, the hours worked index grew to 6.6 from 5.7, the wages and benefits index slipped to 35.7 from 37.1, the input prices index dipped to 43.7 from 44.1, the selling prices index slid to 23.2 from 25.4, the capital expenditures index rose to 17.5 from 13.6, the general business activity index grew to 29.7 from 20.0.
