Texas Ser­vice Sec­tor In­dex Con­tin­ues to Show Growth

The Bond Buyer - - Market News - — Gary E. Siegel

Texas ser­vice sec­tor ac­tiv­ity “con­tin­ued to in­crease in De­cem­ber,” ac­cord­ing to the Fed­eral Re­serve Bank of Dal­las’ Texas Ser­vice Sec­tor Out­look Sur­vey, as the rev­enue in­dex held at 24.4.

The em­ploy­ment in­dex gained to 15.3 from 9.8, the part-time em­ploy­ment in­dex in­creased to 5.6 from 4.8, the hours worked in­dex crept to 9.2 from 7.9, the wages and ben­e­fits in­dex rose to 20.1 from 19.1, the in­put prices in­dex gained to 33.3 from 30.8, the sell­ing prices in­dex in­creased to 16.6 from 7.2, the cap­i­tal ex­pen­di­tures in­dex fell to 13.4 from 14.8, the gen­eral busi­ness ac­tiv­ity in­dex dropped to 18.1 from 20.4.

The fu­ture rev­enue in­dex rose to 56.3 from 48.9, the em­ploy­ment in­dex grew to 30.6 from 30.5, the part-time em­ploy­ment in­dex gained to 13.3 from 12.9, and the hours worked in­dex in­creased to 12.3 from 8.5. The wages and ben­e­fits in­dex climbed to 47.6 from 43.8, the in­put prices in­dex grew to 51.4 from 49.6, the sell­ing prices in­dex rose to 37.8 from 30.1, the cap­i­tal ex­pen­di­tures in­dex rose to 35.7 from 28.6, and the gen­eral busi­ness ac­tiv­ity in­dex gained to 35.0 from 33.0.

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