Texas service sector activity "picked up in July," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index gained to 19.1 from 13.2.
The employment index grew to 10.1 from 5.6, the part-time employment index increased to 6.4 from 0.5, the hours worked index bounced to 5.3 from 0.1, the wages and benefits index declined to 14.8 from 15.6, the input prices index dipped to 20.8 from 21.8, the selling prices index fell to 1.8 from 7.9, the capital expenditures index decreased to 7.7 from 14.5, the general business activity index climbed to 7.9 from 4.1.
The future revenue index rose to 44.2 from 42.3, the employment index crept to 25.8 from 25.4, the part-time employment index slid to 8.2 from 9.8, the hours worked index rose to 5.6 from 3.1, the wages and benefits index declined to 39.1 from 39.6, the input prices index fell to 43.7 from 44.2, the selling prices index dropped to 24.2 from 29.8, the capital expenditures index rose to 25.5 from 22.7, the general business activity index increased to 20.5 from 12.5.
