Texas service sector activity picked up January, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index grew to 18.1 from 16.8.
The employment index jumped to 11.9 from 9.8, the part-time employment index grew to 5.5 from 5.4, the hours worked index reversed to negative 1.4 from positive 0.8, the wages and benefits index slid to 16.9 from 18.9, the input prices index dipped to 27.2 from 28.8, the selling prices index increased to 12.4 from 10.9, the capital expenditures index slipped to 12.0 from 16.9, the general business activity index increased to 16.8 from 13.3.
The future revenue index held at 46.8, the employment index rose to 29.9 from 27.1, the part-time employment index dipped to 14.4 from 14.7, the hours worked index rose to 8.4 from 8.1, the wages and benefits index slid to 41.2 from 44.6, the input prices index fell to 42.8 from 50.8, the selling prices index rose to 30.3 from 28.6, the capital expenditures index decreased to 27.9 from 34.2, the general business activity index rose to 29.8 from 23.6.
