Texas service sector activity "improved in June," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index soared to 13.2 from 3.8.
The employment index slid to 5.6 from 8.9, the part-time employment index decreased to 0.5 from 4.5, the hours worked index slipped to 0.1 from 1.9, the wages and benefits index declined to 15.6 from 16.1, the input prices index gained to 21.8 from 18.8, the selling prices index rose to 7.9 from 3.6, the capital expenditures index increased to 14.5 from 13.0, the general business activity index climbed to 4.1 from 1.1.
The future revenue index rose to 42.3 from 33.8, the employment index fell to 25.4 from 25.9, the part-time employment index gained to 9.8 from 9.2, the hours worked index rose to 3.1 from 2.8, the wages and benefits index increased to 39.6 from 35.2, the input prices index grew to 44.2 from 39.8, the selling prices index rose to 29.8 from 19.8, the capital expenditures index dipped to 22.7 from 22.8, the general business activity index increased to 12.5 from 10.6.
