Texas service sector activity “continued to reflect expansion in October,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 7.0 from 12.8.
The employment index grew to 7.0 from 2.2, the part-time employment index increased to positive 3.2 from negative 1.4, the hours worked index declined to 3.0 from 4.3, the wages and benefits index dropped to 14.4 from 16.2, the input prices index gained to 18.1 from 16.7, the selling prices index rose to 3.4 from 3.0, the capital expenditures index decreased to 10.1 from 14.5, the general business activity index increased to 5.6 from 3.6.
The future revenue index grew to 37.6 from 35.5, the employment index inched up to 25.0 from 24.9, the part-time employment index fell to 10.5 from 12.1, the hours worked index fell to negative 0.1 from positive 6.2, the wages and benefits index declined to 36.0 from 41.5, the input prices index grew to 43.0 from 40.6, the selling prices index climbed to 27.1 from 25.4, the capital expenditures index fell to 22.3 from 26.7, the general business activity index increased to 12.8 from 9.8.
