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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

February 25, 2025

Results Table

Report


Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Current (versus previous month)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

8.2

5.7

+2.5

10.6

13(+)

27.4

53.4

19.2

Employment

–0.1

–1.4

+1.3

6.1

2(–)

12.0

75.9

12.1

Part–Time Employment

1.0

4.5

–3.5

1.4

2(+)

4.4

92.2

3.4

Hours Worked

–1.0

3.6

–4.6

2.6

1(–)

5.0

89.0

6.0

Wages and Benefits

11.1

15.7

–4.6

15.7

57(+)

15.0

81.1

3.9

Input Prices

28.0

27.4

+0.6

27.8

58(+)

32.4

63.2

4.4

Selling Prices

7.9

13.7

–5.8

7.6

55(+)

16.6

74.7

8.7

Capital Expenditures

10.4

12.5

–2.1

9.9

55(+)

13.8

82.8

3.4

General Business Conditions
Current (versus previous month)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

1.1

14.8

–13.7

4.4

6(+)

19.1

62.9

18.0

General Business Activity

4.6

7.4

–2.8

2.4

5(+)

18.2

68.2

13.6

IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

14.2

3.0

+11.2

13.0

45(+)

29.8

54.6

15.6

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

43.9

55.0

–11.1

37.5

58(+)

56.1

31.7

12.2

Employment

25.7

35.7

–10.0

23.1

58(+)

37.3

51.1

11.6

Part–Time Employment

5.6

7.1

–1.5

6.6

9(+)

11.3

83.0

5.7

Hours Worked

9.5

11.8

–2.3

5.9

58(+)

13.6

82.3

4.1

Wages and Benefits

37.3

45.6

–8.3

37.5

58(+)

40.6

56.1

3.3

Input Prices

42.9

43.4

–0.5

44.3

218(+)

48.3

46.2

5.4

Selling Prices

22.8

24.1

–1.3

24.5

58(+)

32.4

58.0

9.6

Capital Expenditures

20.3

24.2

–3.9

22.8

57(+)

26.4

67.5

6.1

General Business Conditions
Future (six months ahead)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

13.3

35.4

–22.1

15.7

15(+)

29.8

53.7

16.5

General Business Activity

12.3

31.2

–18.9

12.2

10(+)

29.9

52.5

17.6

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

February 25, 2025

Results Table

Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Retail (versus previous month)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

2.1

–19.0

+21.1

3.2

1(+)

26.8

48.5

24.7

Employment

–1.5

–9.1

+7.6

1.5

2(–)

8.2

82.1

9.7

Part–Time Employment

2.8

6.4

–3.6

–1.5

4(+)

3.7

95.4

0.9

Hours Worked

–0.4

–4.8

+4.4

–2.2

3(–)

2.4

94.8

2.8

Wages and Benefits

15.0

12.2

+2.8

11.2

55(+)

15.0

85.0

0.0

Input Prices

27.9

32.2

–4.3

22.5

58(+)

40.4

47.0

12.5

Selling Prices

16.1

18.5

–2.4

13.1

3(+)

28.8

58.5

12.7

Capital Expenditures

6.8

6.4

+0.4

7.6

4(+)

9.7

87.4

2.9

Inventories

–4.8

11.5

–16.3

2.8

1(–)

15.0

65.2

19.8

Companywide Retail Activity

Companywide Sales

15.0

–7.0

+22.0

4.5

1(+)

27.6

59.8

12.6

Companywide Internet Sales

7.4

–7.1

+14.5

3.9

1(+)

16.4

74.6

9.0

General Business Conditions, Retail
Current (versus previous month)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

–3.2

7.7

–10.9

1.4

1(–)

16.0

64.8

19.2

General Business Activity

–4.9

–4.5

–0.4

–2.6

2(–)

10.7

73.7

15.6

Outlook Uncertainty
Current (versus previous month)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

14.0

5.7

+8.3

11.0

7(+)

27.9

58.2

13.9

Business Indicators Relating to Facilities and Products in Texas, Retail
Future (six months ahead)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

34.1

51.6

–17.5

30.4

21(+)

47.4

39.2

13.3

Employment

20.9

28.9

–8.0

12.7

5(+)

29.7

61.5

8.8

Part–Time Employment

4.7

0.9

+3.8

1.6

5(+)

9.9

84.9

5.2

Hours Worked

–0.7

–1.0

+0.3

2.4

2(–)

4.8

89.7

5.5

Wages and Benefits

28.5

31.9

–3.4

29.1

58(+)

31.6

65.3

3.1

Input Prices

41.1

35.1

+6.0

33.8

58(+)

46.2

48.7

5.1

Selling Prices

28.9

15.7

+13.2

28.5

58(+)

36.8

55.3

7.9

Capital Expenditures

5.8

17.3

–11.5

16.6

15(+)

16.0

73.8

10.2

Inventories

–5.4

12.2

–17.6

10.7

1(–)

16.4

61.8

21.8

Companywide Retail Activity

Companywide Sales

31.3

38.3

–7.0

28.8

21(+)

41.8

47.8

10.5

Companywide Internet Sales

28.2

33.4

–5.2

21.1

13(+)

31.3

65.6

3.1

General Business Conditions, Retail
Future (six months ahead)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

14.2

22.0

–7.8

15.1

5(+)

29.3

55.6

15.1

General Business Activity

3.7

19.4

–15.7

10.5

5(+)

23.9

55.9

20.2

*Shown is the number of consecutive months of expansion or contraction in the underlying indicator. Expansion is indicated by a positive index reading and denoted by a (+) in the table. Contraction is indicated by a negative index reading and denoted by a (–) in the table.

**Shown is the number of consecutive months of improvement or worsening in the underlying indicator. Improvement is indicated by a positive index reading and denoted by a (+) in the table. Worsening is indicated by a negative index reading and denoted by a (–) in the table.

Data have been seasonally adjusted as necessary.

Questions regarding the Texas Service Sector Outlook Survey can be addressed to Jesus Cañas at jesus.canas@dal.frb.org.

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