Texas service sector activity showed faster expansion in June, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index gained to 16.9 from 13.1.
The employment index rose to 16.5 from 13.8, the part-time employment index climbed to 6.1 from 3.4, the hours worked index increased to 7.3 from 4.9, the wages and benefits index grew to 20.8 from 17.0, the input prices index slipped to 24.0 from 29.6, the selling prices index grew to 11.7 from 8.0, the capital expenditures index decreased to 14.1 from 16.3, the general business activity index surged to 21.1 from 10.3.
The future revenue index rose to 50.6 from 44.7, the employment index grew to 34.5 from 33.5, the part-time employment index gained to 13.4 from 12.0, the hours worked index declined to 8.4 from 9.3, the wages and benefits index increased to 42.9 from 38.7, the input prices index climbed to 46.5 from 43.8, the selling prices index rose to 28.8 from 23.4, the capital expenditures index jumped to 32.3 from 27.9, the general business activity index rose to 28.7 from 24.2.
