Texas service sector activity "continued to reflect expansion in August," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 9.3 from 19.1.
The employment index fell to 6.1 from 10.1, the part-time employment index decreased to 4.4 from 6.4, the hours worked index declined to 2.3 from 5.3, the wages and benefits index dropped to 12.9 from 14.8, the input prices index dipped to 17.1 from 20.8, the selling prices index fell to negative 0.9 from positive 1.8, the capital expenditures index increased to 11.4 from 7.7, the general business activity index slumped to 2.1 from 7.9.
The future revenue index fell to 35.2 from 44.2, the employment index slid to 20.9 from 25.8, the part-time employment index inched up to 8.3 from 8.2, the hours worked index fell to 5.3 from 5.6, the wages and benefits index remained at 39.1, the input prices index grew to 44.8 from 43.7, the selling prices index dropped to 23.1 from 24.2, the capital expenditures index fell to 22.6 from 25.5, the general business activity index decreased to 9.7 from 20.5.
